$-$$$1,200$

a$)$ What is the expected value of the optimal decision without sample information?

$

Enter an integer or decimal number $[$more$.]$

b$)$ If sample information is favourable $(F),$ what is the expected value of the optimal decision?

$

c$)$ If sample information is unfavourable $(U),$ what is the expected value of the optimal decision?

d$)$ What is the expected value with sample information, EV withSI?

$

e$)$ Calculate EVSI?

f$)$ Based on your EVSI, should you pay $$380$ for the sample information?

yes

no

Answer the following questions using the information provided below and the decision tree.

$P(s_1)=0\mathrm{.}54$

$P(F)=0\mathrm{.}75$

$P(s_1|F)=0\mathrm{.}72,P(s_1|U)=0\mathrm{.}16$

a$)$ What is the expected value of the optimal decision without sample information?

$

Enter an integer or decimal number $[$more$.]$

b$)$ If sample information is favourable $(F),$ what is the expected value of the optimal decision?

$

Type here to search

Answer the following questions using the information provided below and the decision tree.

$P(s_1)=0\mathrm{.}54$

$P(F)=0\mathrm{.}75$

$P(s_1|F)=0\mathrm{.}72,P(s_1|U)=0\mathrm{.}16$

a$)$ What is the expected value of the optimal decision without sample information?

$

Enter an integer or decimal number $[$more$.]$

b$)$ If sample information is favourable $(F),$

$-$$$1,200$

a$)$ What is the expected value of the optimal decision without sample information?

$

Enter an integer or decimal number $[$more$.]$

b$)$ If sample information is favourable $(F),$ what is the expected value of the optimal decision?

c$)$ If sample information is unfavourable $(U),$ what is the expected value of the optimal decision?

d$)$ What is the expected value with sample information, EV withSI?

$

e$)$ Calculate EVSI $?$

$

f$)$ Based on your EVSI, should you pay $$380$ for the sample information?

yes

no

Question Help: $$ Video $$ Message instructor

Type here to search

$-$$$1,200$

a$)$ What is the expected value of the optimal decision without sample information?

$

Enter an integer or decimal number $[$more$.]$

b$)$ If sample information is favourable $(F),$ what is the expected value of the optimal decision?

c$)$ If sample information is unfavourable $(U),$ what is the expected value of the optimal decision?

d$)$ What is the expected value with sample information, EV withSI?

$

e$)$ Calculate EVSI $?$

$

f$)$ Based on your EVSI, should you pay $$380$ for the sample information?

yes

no

Question Help: $$ Video $$ Message instructor

Type here to search

$P(s_1)=0\mathrm{.}54,P(F)=0\mathrm{.}75$

$P(s_1|F)=0\mathrm{.}72,P(s_1|U)=0\mathrm{.}16$

a$)$ What is the expected value of the optimal decision without sample information?

Enter an integer or decimal number $[$more$.]$

b$)$ If sample information is favourable $(F),$ what is the expected value of the optimal decision?

$

c$)$ If sample information is unfavourable $(U),$ what is the expected value of the optimal decision?

$P(s_1)=0\mathrm{.}54,P(F)=0\mathrm{.}75$

$P(s_1|F)=0\mathrm{.}72,P(s_1|U)=0\mathrm{.}16$

a$)$ What is the expected value of the optimal decision without sample information?

Enter an integer or decimal number $[$more$.]$

b$)$ If sample information is favourable $(F),$ what is the expected value of the optimal decision?

$

c$)$ If sample information is unfavourable $(U),$ what is the expected value of the optimal decision?what is the expected value of the optimal

$$

$$ decision?

$

Type here to search