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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 DMultiple the value of each outcome by its probability of occurrence and divide by 2

 

Incorrect

Correct answer is: (A)

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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