Question: Given the following payoff table, prior probabilities, and likelihood probabilities, find the expected value of sample information. Payoff Table Prior probabilities Likelihood Probabilities az a,

Given the following payoff table, prior probabilities, and likelihood probabilities, find the expected value of sample information.

Payoff Table

az a, 60 90 90 90 S2 S3 150 90


Prior probabilities

PIG,) = PS) = PSs) = P(s,) = P(s) : P(s,) = 3 3


Likelihood Probabilities

az a, 60 90 90 90 S2 S3 150 90 PIG,) =

az a, 60 90 90 90 S2 S3 150 90 PIG,) = PS) = PSs) = P(s,) = P(s) : P(s,) = 3 3

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