Solve the Problem $$\text { Height (inches) }$$ Age (Years) What Is the Expected Height Range for a Inches)

question 32

Multiple Choice

Solve the problem.
-The following scatter diagram shows heights (in inches) of children and their ages. $$\text { Height (inches) }$$

Age (years) What is the expected height range for a 2-year old child?

• A) 40-50 inches
• B) 35-45 inches
• C) 25-38 inches
• D) 20-30 inches

---

Definitions:

EVSI

Expected Value of Sample Information, a concept in decision theory that quantifies the value of gathering additional information before making a decision.

Posterior Probabilities

The probabilities of possible outcomes updated on the basis of new evidence or information.

Expected Monetary Value

The predicted value of a financial opportunity when accounting for all possible outcomes and their probabilities.

Optimal Act

The best possible action or decision, typically the one that maximizes the expected outcome or utility.