When we assess the worth of sample information in a decision-making problem,we are performing a:
A)Prior analysis.
B)Preposterior analysis.
C)Posterior analysis.
D)Payoff analysis.
E)Utility analysis.

Question

Quizplus · Accepted Answer

Preposterior analysis involves evaluating the worth of sample information before it is collected, to determine if it will be beneficial in making a decision.

When We Assess the Worth of Sample Information in a Decision-Making