ROC Curves Are Most Useful in Assessing the Performance of Quantitative

question 7

Multiple Choice

ROC curves are most useful in assessing the performance of quantitative laboratory analyses because:

• A) multiple tests for the same analyte can be evaluated at one time.
• B) they can display performance of tests over the entire range of decision values.
• C) they allow specific reference intervals to be determined for each analysis.
• D) they can evaluate combination testing in a single plot.

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Definitions:

Behavioral Economics

A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect economic decisions.

Rationality

In economics, rationality refers to the assumption that individuals make decisions based on complete information, aiming to maximize their benefit or utility.

Neoclassical Economics

A strategy within economics aimed at understanding how the distribution of products, earnings, and outputs is governed by the forces of supply and demand.

Behavioral Economics

An area of study that combines insights from psychology with economic theory to better understand decision-making by individuals and institutions.