New information obtained through research or experimentation that enables an updating or revision of the state-of-nature probabilities is
A)population information
B)sampling without replacement
C)sample information
D)conditional information

Question

Quizplus · Accepted Answer

Sample information refers to data collected from a sample that can be used to update or revise probabilities related to the state of nature.

New Information Obtained Through Research or Experimentation That Enables an Updating