Question

Suppose two drugs are routinely used for treatment of a particular kidney disorder. Drug 1 is known to cure the disease 85% of the time and costs $90. Drug 2 is known to cure the disease 70% of the time and costs $65. The two drugs work independent of each other (that is, administration of one has no effect on the efficacy of the other). The two treatment plans are as follows:

Plan A: Treatment with Drug 1—if not effective, treatment with Drug 2.
Plan B: Treatment with Drug 2—if not effective, treatment with Drug 1.

Which statement is most correct in this situation?

Select one of

Answer 1

I would go with Drug 2 first because is less expensive and have 70% efficiency

Answer 2

A.

Based on the overall probability of a cure, plan 1 should be selected over plan 2.




B.
Based on the overall probability of a cure, plan 2 should be selected over plan 1.




C.
Based on the overall cost of treatment, plan 1 should be selected over plan 2.




D.
Based on the overall cost of treatment, plan 2 should be selected over plan 1.




E.
Based on the probability of a cure and the cost of treatment, both plans are equivalent, so either can be selected.

Answer 3

Like I said based on cost, I would go for plan B

Answer 4

alright thanks!

Answer 5

yw :)