Question: Two different information systems, Information System Omicron and Information System Upsilon, are displayed below. The numbers in each cell of the two information systems display

Two different information systems, Information System Omicron and Information System Upsilon,

Two different information systems, Information System Omicron and Information System Upsilon, are displayed below. The numbers in each cell of the two information systems display the probabilities of current good news or bad news financial statement information given (or conditional on) high or low future states of nature: Information Svstem Omicron Required a. In Information System Omicron, explain which number or set of numbers reflect "noise" in the information system. b. Explain why Information System Omicron is consistent with the application of conservative accounting policies and/or accounting conservatism. c. Explain whether Information System Omicron or Information System Upsilon is more informative

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