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A market research survey is available for no cost. Using a decision tree analysis, it is found that the expected value with the survey is $65,000. The expected value with no survey is $62,000 and the EVPI is $4,000. What is the efficiency rating?
75%
67%
94%
57%
106%
researchrs found that a person in a particular country spen an average of 5.6 hours a day watch tv in 2010. assume the
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Of these, 36 are seniors, 30 are chemistry majors, and 8 are neither. A student is selected at random from the class. What is the probability that the student is both a senior and a chemistry major?
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