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A Market Research Survey Is Available for $10,000

Question 57

Multiple Choice

A market research survey is available for $10,000.Using a decision tree analysis, it is found that the expected monetary value with no survey is $62,000.If the expected value of sample information is -$7,000, what is the expected monetary value with the survey?


A) $45,000
B) $62,000
C) -$17,000
D) $55,000

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