A Medical Doctor Is Involved in a $1 Million Malpractice

question 5

Multiple Choice

A medical doctor is involved in a $1 million malpractice suit.He can either settle out of court for $250,000 or go to court.If he goes to court and loses,he must pay $825,000 plus $175,000 in court costs.If he wins in court the plaintiffs pay the court costs.Identify the outcomes of this decision- making problem.

• A)Two choices: (1)go to court and (2)settle out of court.
• B)Two possibilities: (1)win the case in court and (2)lose the case in court.
• C)Four consequences resulting from Go/Settle and Win/Lose combinations.
• D)The amount of money paid by the doctor.

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Definitions:

True Science

An approach to understanding the natural world through systematic observation, experiment, and evidence, distinguishing it from pseudoscience.

Positive Correlation

A statistical relationship between two variables in which they move in the same direction, meaning as one variable increases, so does the other.

Negative Correlation

A relationship between two variables where one variable increases as the other decreases, and vice versa.

Alcohol Consumption

The intake of beverages containing ethanol, which can have various effects on health and behavior depending on the amount and frequency of use.