Mastectomy costs around $20,000 with 99.76% survival rate in US. Then assume that patients have two options: getting Chemotherapy only or Radiation only. Chemotherapy initially costs 34,000 and annual follow up costs (including the first year) is $1,000. Radiation only initially costs for 15,000 and annual follow up costs including the first year) is $850. 9 years survival rate for chemo only patients are 96.2% and radiation only patients are 95%. What are the expected cost for mastectomy only patients, mastectomy and chemo patients, and mastectomy & radiation patients?
Mastectomy costs around $20,000 with 99.76% survival rate in US. Then assume that patients have two options: getting Chemotherapy only or Radiation only. Chemotherapy initially costs 34,000 and annual follow up costs (including the first year) is $1,000. Radiation only initially costs for 15,000 and annual follow up costs including the first year) is $850. 9 years survival rate for chemo only patients are 96.2% and radiation only patients are 95%. What are the expected cost for mastectomy only patients, mastectomy and chemo patients, and mastectomy & radiation patients?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Mastectomy costs around $20,000 with 99.76% survival rate in US. Then assume that patients have two options: getting Chemotherapy only or Radiation only. Chemotherapy initially costs 34,000 and annual follow up costs (including the first year) is $1,000. Radiation only initially costs for 15,000 and annual follow up costs including the first year) is $850. 9 years survival rate for chemo only patients are 96.2% and radiation only patients are 95%. What are the expected cost for mastectomy only patients, mastectomy and chemo patients, and mastectomy & radiation patients?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman