Suppose you are interested in conducting an economic evaluation of two alternative treatments for diabetes. What...

Suppose you are interested in conducting an economic evaluation of two alternative treatments for diabetes. What type of analysis would be most appropriate and why? What outcomes would you consider in the analysis?

Expert Solution

Economic evaluation mean the process used for systematic identification and measurement and valuation of input and outcome of two alternates.this is done for evaluation of identify best actions.

Economic evaluation can be done on the basis of cost effectiveness analysis .it can be done on the basis of cost benefit analysis .we can check through through cost utility analysis.

For doing evaluation we have to raise research questions.then we have to design the study .after then we have to measure cost of them.

Alternative treatment for diabetes .

1) Taking medicine for diabetes without changing daily routine

2) Adopting healthy life style by doing exercise,yoga .

Economic evaluation shall be done on the basis of data collected from sources These data shall be divided on the basis of age factor and level of diabetes basis.then we shall analysis how many person are in suffering from type -1 and type -2 diabetes.

Then we shall divided them on the basis of their disease level.how much cost can be arise in level -1 and how much cost can be arise in type -2 .we analysis both the data.

We will consider the disease level and their respective cost.as their is now permenant solution for this disease hence we should focused on how to control this level.

We will check the result .if their is drawback in economic evalution then we have to do another evaluation .

Rahul Sunny answered 6 months ago

You are conducting a study comparing two different treatments for post-surgical recovery. Group A, consisting of...

You are conducting a study comparing two different treatments for post-surgical recovery. Group A, consisting of 10 patients from your clinic, will be given the current standard treatment. Group B, consisting of 10 different patients from your clinic, will be given a new experimental treatment. Both groups of patients have undergone the same surgery in the last month. Table 1. Number of post-surgical recovery days reported by group. Group A Group B 3 days 5 days 8 days 5 days...

Suppose the owners of a new bed and breakfast establishment are interested in conducting an experiment...

Suppose the owners of a new bed and breakfast establishment are interested in conducting an experiment to determine effective advertisement strategies for increasing the number of reservations. The bed and breakfast owners intend to rotate advertisements for 12 weeks between a travel website, a travel magazine and a local billboard. Customers making reservations will be asked if they saw the advertisement. In this experiment, the independent variable has how many levels? A) 1 B) 2 C) 3 D) 4 E)...

Suppose you wish to test a hypothesis that two treatments, A and B, are equivalent against...

Suppose you wish to test a hypothesis that two treatments, A and B, are equivalent against the alternative that the responses for A tend to be larger than those for B. a. If the number of pairs equals 32, give the rejection region for the large-sample Wilcoxon signed rank test for alpha equals α=0.10. b. Suppose that Upper T Subscript plusT+equals=404. State your test conclusions. c. Find the p-value for the test and interpret it.

You are analyzing GSS data, and you are interested in whether or not respondents with diabetes...

You are analyzing GSS data, and you are interested in whether or not respondents with diabetes have a different number of days of poor mental health than respondents who do not have diabetes. Information about the variables: Name: Days of poor mental health past 30 days Questions associated with this variable: B. Now thinking about your mental health, which includes stress, depression, and problems with emotions, for how many days during the past 30 days was your mental health not...

Write a research question (that is, a research project) that you are interested in conducting. Write...

Write a research question (that is, a research project) that you are interested in conducting. Write the main objective of the research project together with a null and alternative hypothesis. Suggest a probabilistic and a non-probabilistic sampling method for your study population. List your alpha significance level, and suggest at least 2 ways to lower the chances of making type 1 error.

A researcher is interested in evaluating two different treatments developed to treat depression. Test her hypothesis...

A researcher is interested in evaluating two different treatments developed to treat depression. Test her hypothesis that the treatments lead to different results. Her data are below (a higher value indicates higher depression). YOU NEED TO CALCULATE THE MEANS AND THE STANDARD DEVIATIONS FOR YOUR DATA. Relaxation Meditation 24 32 22 32 31 27 27 23 23 38 34 34 28 23 Formulate the hypotheses. Determine the critical value(s). Calculate the test statistic. Calculate and evaluate Cohen’s d and r2....

Why do you think most insurance companies refuse to pay for alternative treatments such as acupuncture...

Why do you think most insurance companies refuse to pay for alternative treatments such as acupuncture or chiropractic care?

Suppose that two different sets of treatments are of interest. The first treatment has two levels...

Suppose that two different sets of treatments are of interest. The first treatment has two levels ( A versus B ). The second treatment has two levels ( a versus b ). Denote by y the response variable of interest. a) Construct a statistical test for testing whether there is a difference in expected value of y between A and B. b) Construct a statistical test for testing whether there is a difference in expected value of y among the...

We are interested in conducting a study in order to determine what percentage of voters would...

We are interested in conducting a study in order to determine what percentage of voters would vote for the incumbent president. What is the minimum size sample needed to estimate the population proportion with a margin of error of 0.03 or less at 99% confidence?

1.We are interested in conducting a study in order to determine what percentage of voters of...

1.We are interested in conducting a study in order to determine what percentage of voters of a state would vote for the incumbent governor. What is the minimum size sample needed to estimate the population proportion with a margin of error of +/-0.08 at 95% confidence? A.301 B.150 C.300 D.151 2.We have created a 95% confidence interval for the population mean with the result [10, 15]. What decision will we make if we test H0: m = 16 versus H1:...

Question