Question: 38. In Exercise 37, suppose that you also wanted to consider samples of other sizes. (a) Find EVSI for a sample of size 2. (b)

38. In Exercise 37, suppose that you also wanted to consider samples of other sizes.

(a) Find EVSI for a sample of size 2.

(b) Find EVSI for a sample of size 5.

(c) Find EVSI for a sample of size 10.

(d) If the cost of sampling is .50 per unit sampled, find the expected net gain of sampling (ENGS) for samples of size 1, 2, 5, and 10.

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