To find the EVSI,
A) use the EVPI to calculate sample information probabilities.
B) use indicator probabilities to calculate prior probabilities.
C) use prior and sample information probabilities to calculate revised probabilities.
D) use sample information to revise the sample information probabilities.

Question

Quizplus · Accepted Answer

EVSI (Expected Value of Sample Information) is calculated by using prior probabilities and sample information probabilities to determine revised probabilities, which then help in assessing the value of additional information.

To Find the EVSI