Examlex
The expected value of perfect information (EVPI)is the most the decision maker would be willing to pay for the sample information.
Correlated
When two or more variables are related in some way, showing a tendency to vary together.
Pearson Correlation
A value ranging from +1 to -1 that indicates the degree of linear relationship between two variables, X and Y.
Degrees Of Freedom
Represents the number of independent values or quantities which can vary in the analysis without violating any constraints.
Correlated
Describes the relationship between two variables where changes in one variable are associated with changes in another.
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