The expected net gain of sampling equals the expected ______________ minus the cost of sampling.
A)payoff of sampling
B)payoff of no sampling
C)value of Sample Information
D)value of Perfect Information
E)utility

Question

Quizplus · Accepted Answer

The expected net gain of sampling is calculated by taking the expected value of sample information (EVSI) and subtracting the cost of sampling.

The Expected Net Gain of Sampling Equals the Expected ______________