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Tools for Decision Making Sections
Author Bio
Introduction
Part I
Expected Value Decision Making
Case Study 2: Patient History
Currently selected section: Using a Decision Tree
Assigning Utility
Expected Value and QALYs
Sensitivity Analysis
Conclusions: Case Study 2
Part III

References


Chapter 14: Tools for Decision Making: Using a Decision Tree
        

You Answered:

Selection AAdd the values of the two outcomes, each weighted by its probability of occurrence

 

Correct


The expected value at the chance node is the sum of the values of the two outcomes, each weighted by its probability of occurrence. In this case:

Expected value = 0.95 x 10 + 0.05 x 0 = 9.5





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