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QUESTION
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.
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 efficiency rating?
