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:

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