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Arswer the foliowing eueslions using the kibremation brovided below and the deciucen tree f(x,1)0.72 P(Fy1)=0.70 P(Us2)=0.64 a) What ia We capected wedet of the eptiraideciuion

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Arswer the foliowing eueslions using the kibremation brovided below and the deciucen tree f(x,1)0.72 P(Fy1)=0.70 P(Us2)=0.64 a) What ia We capected wedet of the eptiraideciuion withos sanpl infomatim? For the folowing questions, do not round P(F) and P(U). However, yse posterior probabilies rounded to 3 decimal places in your cakulations. b) if sample information is favourable (F), what is the expected value of the optimal decision? c) if sample intormaticn is unfavourable (U), What is the erpected value of the cptimal desision? d) What is the expected value wath sample information, EV with I ? 8 e) Caiculate EVSI? 3 1) Based on your EVSI, should you pay 590 for the sample intormation? Question Help: E Message instructor Arswer the foliowing eueslions using the kibremation brovided below and the deciucen tree f(x,1)0.72 P(Fy1)=0.70 P(Us2)=0.64 a) What ia We capected wedet of the eptiraideciuion withos sanpl infomatim? For the folowing questions, do not round P(F) and P(U). However, yse posterior probabilies rounded to 3 decimal places in your cakulations. b) if sample information is favourable (F), what is the expected value of the optimal decision? c) if sample intormaticn is unfavourable (U), What is the erpected value of the cptimal desision? d) What is the expected value wath sample information, EV with I ? 8 e) Caiculate EVSI? 3 1) Based on your EVSI, should you pay 590 for the sample intormation? Question Help: E Message instructor

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