Question: What is the correct equation for computing the expected value of perfec information (EVPI)? EVPI= expected value under certainty - expected value under risk for
What is the correct equation for computing the expected value of perfec information (EVPI)? EVPI= expected value under certainty - expected value under risk for best alternative. EVPI= expected value without sample information - expected value with sample information. EVPI = expected value under risk for best altemative - expected value under certainty. none of these EVPI = expected value with sample information - expected value without sample information
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