Illustrate what is expected value of sample information

Assignment Help Business Economics

Reference no: EM1370736

Q. Construct a decision tree to help analysis this problem. Illustrate what should medical professionals do?

(a) Develop a new decision tree for medical professionals to reflect options now open with market study.

(b) Use EMV approach to recommend a strategy.

(c) Illustrate what is expected value of sample information? Explain how much might physicians be willing to pay for a market study?

Reference no: EM1370736

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