When there is perfect information on the outcome of an event,the revised probability of the event will be:
A)equal to zero.
B)the same as the prior probability.
C)equal to one.
D)higher than the prior probability.
E)smaller than the prior probability.

Question

Quizplus · Accepted Answer

When there is perfect information on the outcome of an event, the revised probability of the event will be 100%, which is equivalent to a probability of 1. Therefore, choice C is the correct answer.

When There Is Perfect Information on the Outcome of an Event,the