In the drug-testing decision, find and interpret EVSI and EVPI. Here, “sample” information refers to the information from the imperfect drug test, whereas “perfect” information refers to completely...

In the drug-testing decision, find and interpret EVSI and EVPI. Here, “sample” information refers to the information from the imperfect drug test, whereas “perfect” information refers to completely reliable information on whether the athlete uses drugs.

Referring to the previous problem, find the same probabilities through the counting argument explained in this section. Start with 100,000 athletes and divide them into the various categories.