The worst-case scenario for a baseball player is a lifetime ban. We initially assume there are only
Question:
The worst-case scenario for a baseball player is a lifetime ban. We initially assume there are only two options: test everyone or test no one. We assume monetary assets or costs in our analysis. We define the following:
B = benefit for correctly identifying a steroid user and banning this user from baseball
C1 = cost of the test, including materials and labor.
C2 = cost of falsely accusing a nonuser and its consequences.
C3 = cost of not correctly identifying a steroid user (either by testing or by a false negative).
C4 = cost of violating privacy.
These costs and benefits are hard to measure, except C1. We will assume a proportionality relationship between C1 and each other cost and benefit to help the commissioner in his decision process.
Cost/Benefit Assumptions:
Step by Step Answer:
A First Course In Mathematical Modeling
ISBN: 9781285050904
5th Edition
Authors: Frank R. Giordano, William P. Fox, Steven B. Horton