QUESTION 1

For questions 1 - 6:

Given treatments:

A: cost $4,000, 60% survival

B: cost: $7,000, 63% survival

C: cost $11,000, 61% survival

D: cost $10,000, 74% survival

No intervention: 11% survival

1. Which treatment is obviously dominated?

	a.	A
	b.	B
	c.	C
	d.	D
	e.	No treatment is obviously dominated

3 points

QUESTION 2

What is the ACER for Treatment D?

	a.	$6,666.67
	b.	$11,111.11
	c.	$13,513.51
	d.	$13,461.54
	e.	$15,873.02

3 points

QUESTION 3

How do we interpret an ACER number for a particular treatment?

	a.	It signifies cost effectiveness if we move from one treatment to another
	b.	It theoretically signifies how much the treatment would cost if probability of survival is 100%
	c.	It helps us determine the best treatment option
	d.	It signifies a computer brand

3 points

QUESTION 4

What is the ICER from treatment A to B?

	a.	$100,000
	b.	$42,857.14
	c.	$8,163.27
	d.	$6,666.67

3 points

QUESTION 5

Which treatment is marginally dominated?

		A
		B
		C
		D
		None of the treatments is marginally dominated

3 points

QUESTION 6

Which treatments comprise the Cost Effectiveness Frontier?

	a.	A, B, C, and D
	b.	A, C, and D
	c.	A, B, and D
	d.	A and D

3 points

QUESTION 7

What impact does insurance (or having more beneficial insurance) have on to the Cost effectiveness Frontier?

	a.	nothing
	b.	shifts the CEF to the left
	c.	shifts the CEF to the right
	d.	it makes treatment choices that used to be obviously dominated now viable
	e.	none of the above

3 points

QUESTION 8

What can we add to the CEF to turn this cost effectiveness tool into a Cost Benefit tool?

	a.	insurance
	b.	premium
	c.	indifference curves
	d.	depreciation rate

3 points

QUESTION 9

Currently, Dywane's probability of survival is 0.7 and his q value is 0.6. Assuming a discount factor of 0.91, what is his QALY? (rounded-off)

	a.	0.38
	b.	2.21
	c.	- 0.81
	d.	1.28

3 points

QUESTION 10

IN YEAR 2, If the discount rate = 5% what is the discount factor?

	a.	0.991
	b.	0.912
	c.	0.907
	d.	0.883
	e.	0.874