Question
The expected cost of Betazine therapy is $544. It is effective 57% of the time, with a 6% chance of an adverse drug reaction. The
The expected cost of Betazine therapy is $544. It is effective 57% of the time, with a 6% chance of an adverse drug reaction. The following table shows data for Alphazine, a new treatment. Estimate the rate of adverse drug reaction and the expected cost of treatment. Use excel to construct a decision tree for this problem Should you choose Alphazine or Betazine?
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
