Quantitative Math for Health Services Discussion – Wk 7
Quantitative Math for Health Services Discussion – Wk 7
Quantitative Math for Health Services Discussion – Wk 7
“Decision Analysis” Please respond to the following:
- Compare the primary strengths and weaknesses of cost-benefit analysis (CBA), cost-effectiveness analysis (CEA), and cost-utility analysis (CUA). Give your opinion on which method you believe to be the most effective in economic evaluation.
- Using the umbrella decision-making example on page 198 of the textbook, suppose the probability of rain is 0.6, the ruined clothes cost is $30, and the lost umbrella costs are $2. Come to a decision based upon these assumptions, and determine the break-even probability of rain.
**This is a discussion, NOT a paper. Need 2 strong paragraphs and references. No plagiarism!**
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