Question
I am very confused on how to solve for this it's my third attempt on asking for help. I don't know if it's v=c/b ?
I am very confused on how to solve for this it's my third attempt on asking for help. I don't know if it's v=c/b ? Can someone please help me solve this?
Assume that health-related quality of life over 5 years for diabetic women and treated women represented in the following table. How much would society be willing to pay for the treatment assuming threshold for cost per QALY of $40,000. You can also assume zero discount rate and probability of survival 1 for all these years. (Hint: calculate gain in QALYs first). Show your work.
year diabetic women Treated women
1 0.8 0.9
2 0.8 0.9
3 0.7 0.9
4 0.8 0.9
5 0.6 0.9
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