Hey Brandy,
Are you looking for something like ROI?
You could probably look at "Cost of success" and calculate that by taking the cost of treatment times the probability the surgery was successful.
Admittedly, I'd probably use a regression method to find how effective radiation really is. Then use that to determine if it is cost effective.
Something else to keep in mind is, "Can the patient afford it?" When my mom was dying from cancer, we could have spent $50,000 to get her another 6 mos of life. We couldn't afford that.
BTW, this is giving me an idea for a problem to give my intro to stats students, compare ROI and real costs. Thanks!
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Andrew Ekstrom
Statistician, Chemist, HPC Abuser;-)
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Original Message:
Sent: 02-24-2021 17:15
From: Eric Siegel
Subject: Effect Size Measure for Single Proportion
Brandy,
In the example you present, it sounds like the proportion can easily be greater than 100%. If that's true, then maybe we shouldn't think of it as a proportion. Maybe instead, we should think of it as either a difference between two conditions that's been normalized to one of the conditions, or else as a "ratio minus one". Mathematically, those two possibilities are the same, but interpretationally, they could be different, and could lead to different effect-size measures.
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Eric Siegel, MS
Biostatistics Project Manager
Department of Biostatistics
Univ. Arkansas Medical Sciences
Original Message:
Sent: 02-23-2021 08:57
From: Brandy Sinco
Subject: Effect Size Measure for Single Proportion
Dear Colleagues:
Does anyone know of an effect size measure for a single proportion? I know of a metric to compare two proportions, but not a single proportion. Example, adding radiation treatment to a particular surgical procedure increases the cost by 30%. I am trying to find an effect size for 30% or .30.
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Brandy Sinco, BS, MA, MS
Statistician Senior
Michigan Medicine
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