Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

An outbreak of a transmissible disease has occurred in the region in which you live exposing almost the entire population. In this region 90% of

An outbreak of a transmissible disease has occurred in the region in which you live exposing almost the entire population. In this region 90% of people have had a vaccine made by the companyAncientaand 10% have had a vaccine made by the companyPfizzer.

Among people vaccinated withAncienta, 90% of people don't catch the disease, 5% of people have mild illness and 5% of people have a severe illness. Among people vaccinated withPfizzer70% don't catch the disease, 20% suffer mild illness and 10% suffer serious illness.

  1. [3 marks] What proportion of people exposed to the disease will (i) suffer serious illness? (ii) suffer mild illness? (iii) avoid catching the disease?

  1. [2 marks] Assuming that mild illness costs $1000 to treat and serious illness costs $5,000 to treat. What is the expected cost per resident?

  1. [2 marks] Given that someone suffers from serious illness what is the probability that they are vaccinated withAncienta?

  1. [3 marks] A vaccine sales-rep claims that the fact that P(vaccinated withAncienta| seriously ill) is greater than P(vaccinated withPfizzer| seriously ill) means that thePfizzervaccine is more effective. Explain whether this is a reasonable conclusion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Physics Reasoning and Relationships

Authors: Nicholas Giordano

2nd edition

978-0840058195

Students also viewed these Mathematics questions

Question

Differentiate the function. r(z) = 2-8 - 21/2 r'(z) =

Answered: 1 week ago