Dante Development Corporation is considering bidding on a contract for a new office building complex. Figure 4.17 shows the decision tree prepared by one of Dante’s analysts. At node 1,….
What is the posterior odds when you compare the hypothesis that you have labyrinthitis against the hypothesis that you have vestibular schwannoma?
Returning to the rare diseases example, suppose you go to the doctor, and after having your ears cleaned you notice that your symptoms persist. Even worse, you have a new symptom: vertigo. The doctor proposes another possible explanation, labyrinthitis, which is a viral infection of the inner ear in which 98 percent of cases involve vertigo. However, hearing loss and tinnitus are less common in this disease; hearing loss occurs only 30 percent of the time, and tinnitus occurs only 28 percent of the time. Vertigo is also a possible symptom of vestibular schwannoma, but occurs in only 49 percent of cases. In the general population, 35 people per million contract labyrinthitis annually. What is the posterior odds when you compare the hypothesis that you have labyrinthitis against the hypothesis that you have vestibular schwannoma?