8. For a given procedure, F = 0.7, and the discount rate of 4%, for all4 years solve for the QALY given: year 1 q 0.2 year 2 q 0.3 year 3 q = 0.5 year 4 q 0.7 discount of 4% (used as (1/(1.04)year ) will equal: year 1 = 0.96 year 2 = 0.92 year 3 0.89 year 4 0.86 Solve for the QALY number of years. Round-off to the nearest integer. O 2 0 1 O 4 O 3

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
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8. For a given procedure,
F = 0.7, and the discount rate of 4%, for all 4 years solve for
the QALY given:
year 1 q 0.2
year 2 q = 0.3
year 3 q 0.5
year 4 q 0.7
discount of 4% (used as (1/(1.04)year ) will equal:
year 1 = 0.96
year 2 = 0.92
year 3 = 0.89
year 4 = 0.86
Solve for the QALY number of years. Round-off to the nearest integer.
O 2
0 1
0 4
0 3
Transcribed Image Text:8. For a given procedure, F = 0.7, and the discount rate of 4%, for all 4 years solve for the QALY given: year 1 q 0.2 year 2 q = 0.3 year 3 q 0.5 year 4 q 0.7 discount of 4% (used as (1/(1.04)year ) will equal: year 1 = 0.96 year 2 = 0.92 year 3 = 0.89 year 4 = 0.86 Solve for the QALY number of years. Round-off to the nearest integer. O 2 0 1 0 4 0 3
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