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Which of the following statement is NOT correct? 1) Additional information will change the actual future in favor of the decision maker. 2) Better reliability
Which of the following statement is NOT correct?
1)
Additional information will change the actual future in favor of the decision maker.
2)
Better reliability of additional information provides more value to the decision making process.
3)
Bayes Theorem incorporates new information into decision making process and updates decision maker's understanding of the uncertain future.
4)
Sample information is valuable but no as much as perfect info.
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