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1. Suppose that for the first 2 months you have herpes, where the utility from health...

1. Suppose that for the first 2 months you have herpes, where the utility from health takes a value of 0.8. The next 6 months you are in perfect health, where the utility from health takes a value of 1. The last 4 months, you have a head cold, where the utility from health takes a value of 0.7. What is the value of the QALY? Round to THREE decimal points.

2. Suppose that value of utility is given by U=1-0.5D, where D is the "value" of the disease. The first 6 months of the year, we are in perfect health, where D=0. The next 3 months we have allergies, where D=0.5. The last 3 months, we have a head cold, where D=1. What is the value of QALY? Round to THREE decimal points.

3. Suppose that my utility function is given by U=1-0.2D^2, where D is the value of the disease. The first 4 months of the year, we have the flu, where D=2.The next 2 months, we are in perfect health, where D=0. The last 6 months of the year we have a head cold, D=1. What is the value of QALY? Round to THREE decimal points.

4. Suppose that drug A costs 15,000, and it extends life by 5 QALYS. What is the cost effectiveness ratio?

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