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4 votes
New information obtained through research or experimentation that enables an updating or revision of the state-of-nature probabilities is known as

a. expected utility.
b. sample information.
c. joint probability.
d. conditional probability.

1 Answer

3 votes

Answer:

The correct answer is b. sample information.

Step-by-step explanation:

A sample is a part or a portion of a product that allows to know the quality of it. For example: “Yesterday I requested a sample of the new perfume that they advertise on television”, “They have asked me for a sample note for a Mexican magazine”, “I need a sample of fabrics, please”.

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