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Can you please help do the math on this problem? Thank you in advance. 3) Suppose we have two conditionally irrelevant diagnostic tests for a

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Can you please help do the math on this problem? Thank you in advance.

image text in transcribed
3) Suppose we have two conditionally irrelevant diagnostic tests for a disorder requiring a minor operation to resolve. Our prior is 0.3 for the patient having the disorder. Test A costs $60 and has 0.95 sensitivity and specicity and Test B costs $20 and has 0.9 sensitivity and specicity. If we choose to operate, the cost is $500 regardless whether the disorder was present beforehand, and it will not be present afterwards. If we choose to not operate, the cost is $0 if there is no disorder and $1,000 if the disorder is present. If we are risk-neutral for these dollar prospects, how many of the following statements must be true? If we can only order one test we should order the Test A. Ordering both tests is preferred to ordering only one. We should order Test A and see the results before ordering Test B. We should order Test B and see the results before ordering the Test A. EEFL\

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