When a Pharmacoeconomic Analysis Looks at Two or More Treatment

question 8

Multiple Choice

When a pharmacoeconomic analysis looks at two or more treatment alternatives that are considered equal in efficacy and compares the costs of each it is referred to as:

• A)Cost-minimization analysis
• B)Cost-of-illness analysis
• C)Cost-effectiveness analysis
• D)Cost-benefit analysis

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Definitions:

Margin of Error

The maximum amount by which the results from a sample are expected to differ from the true population parameters.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values typically deviate from the mean.

Significance Level

A threshold in hypothesis testing, typically denoted as alpha, that defines the probability of rejecting a true null hypothesis, commonly set at 0.05 or 5%.

Mean Weight

The average weight calculated by summing all individual weights and dividing by the total number of individuals.