Decision tree analysis-to undergo or not to undergo surgery

Assignment Help Business Management
Reference no: EM1365754

Decision Tree Analysis: To Undergo or not to Undergo Surgery

Firm research data are not yet available to predict the likelihood of survival for this 50 year old man. If the internist tells this man that if he elects to avoid surgical treatment of the liver problem, chances of survival will be approximately as follows: only 60% chance of living for 1 year, a 20% chance of surviving for 2 years, a 10% chance for 5 years, and a 10% chance of living to age 58. She places his probability of survival beyond age 58 without a liver transplant to be extremely low.

The transplant operation however, is a serious surgical procedure. 5% of patients die during the operation, with an additional 45% dying during the first year. 20% survive for 5 years, 13% survive for 10 years, and 8%, 5%, and 4% survive, respectively, for 15, 20, and 25 years.

Reference no: EM1365754

Questions Cloud

What method or methods are used to train employees : Explain improvements and offer suggestions you think will benefit the training program.
Describe shortest route and maximal flow techniques : Show the benefits provided by network modeling. Describe how the shortest-route and maximal-flow techniques can be utilized. Please provide an example of one of these techniques.
Question about queing theory : Question about Queing theory-Show the advantages and disadvantages of queuing theory for an organization in the service industry.
Explain how hazard created dangerous situation : Research a news article that covers one of the nine major hazard classes. Identify the hazard and explain how the hazard created the dangerous situation.
Decision tree analysis-to undergo or not to undergo surgery : The transplant operation however, is a serious surgical procedure. 5% of patients die during the operation, with an additional 45% dying during the first year. 20% survive for 5 years, 13% survive for 10 years, and 8%, 5%, and 4% survive, respecti..
Readiness for performance dashboards : Explain what is the current state of your organization's readiness (organizational and technical)?
Question about readiness for performance dashboards : Describe several reasons why an organization may not be ready (organizationally or technically) for the implementation of performance dashboards.
Wireless technologies-pros and cons for a company : The pros and cons for a manufacturing company to use Smartphones, and RFID
Evaluating employees on intangibles : important to consider when evaluating an employee as is his or her work product? Why or why not?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd