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.

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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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.

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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.