Suppose two drugs are routinely used for treatment of a particular kidney disord

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? Based on the overall probability of a cure, plan A should be selected over plan B. Based on the overall probability of a cure, plan B should be selected over plan A. Based on the overall cost of treatment, plan A should be selected over plan B. Based on the overall cost of treatment, plan B should be selected over plan A. Based on the probability of a cure and the cost of treatment, both plans are equivalent, so either can be selected.

Explanation / Answer

B option is most correct answer

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