The Expected Value with Perfect Information

question 20

Multiple Choice

The expected value with perfect information:

• A)equals EVPI - Maximum EMV.
• B)requires that each decision alternative have a known probability of occurrence.
• C)is an input into the calculation of the expected value of perfect information.
• D)is the average of the maximax and the maximin.
• E)none of the above

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Definitions:

Earned

Acquired or received as a result of effort or achievement.

E Proposition

In logic, a type of categorical proposition that states no members of the subject category are part of the predicate category.

Distributed

In logic, refers to a term in a categorical proposition that is affirmed or denied of every member of the class it denotes.

Enthymeme

A rhetorical version of a syllogism missing one of the premises or the conclusion, but implied by the argument.