Suppose You Are Asked to Use the Standard Time Trade-Off

question 7

Multiple Choice

Suppose you are asked to use the standard time trade-off approach to measuring quality of life and are given the following information. An individual is faced with living the remaining 10 years of her life suffering from severe osteoporosis. She reveals that she would be willing to give up four of those years to live the remaining six in perfect health. What is the utility of one year in the chronic health state relative to perfect health?

• A) 4
• B) 6
• C) 0.4
• D) 0.6
• E) There is not enough information to determine the utility of life in this case

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Definitions:

Delayed

Occurring later than expected or intended; postponed.

Planned Deadlines

Specified dates by which tasks or projects are targeted to be completed.

Additional Funds

Extra money made available for a particular purpose.

Stakeholders

Individuals or groups with an interest in the success or performance of an organization, project, or outcome.