Please show your work so I can ensure that I am solving this problem correctly.
3. xA cancer institute is examining several treatment options for Chronic Fatigue, a condition acquired by all Academics in higher education. While the Professors enjoy their work, the institute suggests they explore numerous relaxation options for longevity of career. The institute invited a cohort of 500 Academics (assigned to different treatments) to participate in a study, which involved basic bedrest and several additional treatment options. Decision makers are now depending on you to determine if future cohorts will be invited, and if all of the treatment options are still feasible (clearly Spa Therapy is the most popular but is it feasible?). Using the information below, calculate: (a) total cost for each treatment option, (b) total cases cured for each treatment option, and (c) ICER for each treatment option. Then determine: d) if the budget for the project is $2.5M, which options are truly feasible for this study? Description Number of Total Cost # Cases Cured ICER Cost Per Person Cost Per Person (Registration) Effectiveness (% Cured) Participants (Treatment) 75 $ $ 25% $ 25 $ 15.00 $ 2,000.00 40% $ 100 $ 25.00 $ 5,000.00 65% 250 $ 50.00 $ 2,500.00 70% $ 50 $ 50.00 $ 15,000.00 75% Bed Rest Pharm Treatment Holistic Treatment Spa Therapy Inpatient Therapy $ $ $ $ $ 3. xA cancer institute is examining several treatment options for Chronic Fatigue, a condition acquired by all Academics in higher education. While the Professors enjoy their work, the institute suggests they explore numerous relaxation options for longevity of career. The institute invited a cohort of 500 Academics (assigned to different treatments) to participate in a study, which involved basic bedrest and several additional treatment options. Decision makers are now depending on you to determine if future cohorts will be invited, and if all of the treatment options are still feasible (clearly Spa Therapy is the most popular but is it feasible?). Using the information below, calculate: (a) total cost for each treatment option, (b) total cases cured for each treatment option, and (c) ICER for each treatment option. Then determine: d) if the budget for the project is $2.5M, which options are truly feasible for this study? Description Number of Total Cost # Cases Cured ICER Cost Per Person Cost Per Person (Registration) Effectiveness (% Cured) Participants (Treatment) 75 $ $ 25% $ 25 $ 15.00 $ 2,000.00 40% $ 100 $ 25.00 $ 5,000.00 65% 250 $ 50.00 $ 2,500.00 70% $ 50 $ 50.00 $ 15,000.00 75% Bed Rest Pharm Treatment Holistic Treatment Spa Therapy Inpatient Therapy $ $ $ $ $
