A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with the survey is $75,000. The expected monetary value with no survey is $62,000
What is the expected value of sample information?
A) -$7,000
B) $3,000
C) $7,000
D) $13,000
E) None of the above
E
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What will be an ideal response?
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Indicate whether the statement is true or false
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