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Within the population of the county (504,000 people) the prevalence rate of AML has increased by 0.002% per year (in decimal form, 0.00002). The average

Within the population of the county (504,000 people) the prevalence rate of AML has increased by 0.002% per year (in decimal form, 0.00002). The average cost of treatment associated with one case of AML from diagnosis to death is $175,000.

Find the Expected Value Cost as the product of the actual cost of treatment and the increase in prevalence.

What is the EV Cost?

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