During an outbreak of disease there is a test that can


During an outbreak of disease there is a test that can identify the disease early, saving $10,000 in treatment costs per case identified. This test identifies the disease 70% of the time in those infected and costs $500 per test. Another, more expensive test is available that identifies the disease early 78% of the time. Experts believe that 100 out of 1,000 people to be tested actually have the disease. What is most the community should pay to acquire the more accurate test?

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Business Economics: During an outbreak of disease there is a test that can
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