New **information **obtained through **research **or **experimentation **that enables an updating or revision of the state-of-nature **probabilities **is known as <u>SAMPLE INFORMATION</u>.

Hence, <u>2nd option</u> is the best choice.

A statistical concept called **joint probability **determines the chance that two **events **will occur simultaneously and at the same time.

A **sample **is a **collection **of people, things, or things used in the study that is taken for analysis from a wider **population**. To enable us to **extrapolate **the study sample's findings to the entire **population**, the **sample **must be representative of the **population**. **Sample information **is the collection of the **information **of the **sample**.

The **possibility **of an **event **or outcome happening contingent on the occurrence of a prior event or outcome is known as **conditional probability**. The **probability **of the prior event is multiplied by the current likelihood of the subsequent, or conditional, occurrence to determine the **conditional probability**.

The **expected utility **of a course of action is a **weighted average **of the **utilities **of each of its potential outcomes, where the **utility **of a potential result indicates how much it is preferred to the alternatives.

In the question, we are asked what will be the new **information **obtained through **research **or **experimentation **that enables an updating or revision of the state-of-nature **probabilities **called.

As we are to name the **information**, it will be called **sample information**, from the above-discussed points.

Learn more about **sample information **at

brainly.com/question/24466382

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