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16 October, 03:30

The efficiency of sample information a. is the EVSI / (maximum EMV without SI) expressed as a percentage. b. is the EVPI/EVSI expressed as a percentage. c. would be 100% if the sample information were perfect. d. is computed using only the EVPI and the maximum EMV.

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  1. 16 October, 06:18
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    c. would be 100% if the sample information were perfect

    Step-by-step explanation:

    EvSI is the expected value of sample information while EVPI is the Expected Value Perfect Information

    The efficiency of a sample is simply the ratio of the Expected value of Sample Information to the Expected Value of Perfect Information

    it is between 0 and 1

    a. is the EVSI / (maximum EMV without SI) expressed as a percentage is not true

    b is the EVPI/EVSI expressed as a percentage. is also not true as the efficiency is the EVSI/EVPI ex[pressed as a percentage

    d. is computed using only the EVPI and the maximum EMV. is also not true, we have to calculate EVSI from EMV.

    /C. is correct, would be 100% if the sample information were perfect.
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Home » Mathematics » The efficiency of sample information a. is the EVSI / (maximum EMV without SI) expressed as a percentage. b. is the EVPI/EVSI expressed as a percentage. c. would be 100% if the sample information were perfect. d.
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