The expected value of sample information (EVSI) is equal to the .
A) EMV without sample information divided by the EMV with sample information
B) EMV without sample information minus the EMV with sample information
C) sum of the EMV with sample information and the EMV without sample information
D) EMV with sample information minus the EMV without sample information

Question

Quizplus · Accepted Answer

The expected value of sample information (EVSI) is the difference between the expected monetary value (EMV) with sample information and the EMV without sample information. Therefore, choice D is the correct answer.

The Expected Value of Sample Information (EVSI) Is Equal to the