Expected value of the survey information


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 expected value of the survey information (EVSI)?

$3,000

$4,000

$66,000

$69,000

$61,000

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Basic Statistics: Expected value of the survey information
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