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Using the Table Below, Which Plan Has the Greatest Efficiency

Question 38

Multiple Choice

Using the table below, which plan has the greatest efficiency?  Expected Return Expected Return Expected Return With Sample  With Perfect  Using Expected  Information Information Value (EREV)   I 152010 II 152012 III 182510IV 162010\begin{array}{rccc}&\text { Expected Return}& \text { Expected Return}&\text { Expected Return}\\&\text { With Sample }& \text { With Perfect }& \text { Using Expected }\\&\text { Information }& \text {Information }& \text {Value (EREV) }\\\text { I } & 15 & 20 & 10 \\\text { II } & 15 & 20 & 12 \\\text { III } & 18 & 25 & 10 \\\text {IV } & 16 & 20 & 10\end{array}


A) I
B) II
C) III
D) IV

Correct Answer:

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