Table 4. Uncertaintya in the cost of a new law or regulation, New Zealand, 1999–2010.
| Variable | Cost (US$) |
|
|---|---|---|
| New act | New regulation | |
| Mean | 2 551 000 | 382 000 |
| Median | 2 405 000 | 360 000 |
| 2.5th percentile | 1 476 000 | 221 000 |
| 25th percentile | 2 002 000 | 300 000 |
| 75th percentile | 2 937 000 | 440 000 |
| 97.5th percentile | 4 436 000 | 665 000 |
US$, United States dollar.
a Percentiles were estimated by probabilistic sensitivity analysis involving 2000 iterations using @Risk for Excel version 5.7 (Palisade Corporation, Ithaca, USA).