Table 2.
Stopping Times | NPV (0.6) = 0.90 | NPV (0.6) = 0.95 | NPV (0.6) = 0.90 | NPV (0.6) = 0.95 | ||||
---|---|---|---|---|---|---|---|---|
PPV (0.9) = 0.80 | PPV (0.9) = 0.80 | PPV (0.9) = 0.90 | PPV (0.9) = 0.90 | |||||
P(reject) | E(nD) | P(reject) | E (nD) | P(reject) 0.026 | E(nD) | P(reject) | E(nD) | |
J = 1 | 0.003 | 702 | 0.03 | 702 | 0.026 | 702 | 0.917 | 702 |
J = 2 | 0.004 | 432 | 0.026 | 492.4 | 0.024 | 489.5 | 0.924 | 624.5 |
J = 3 | 0.004 | 367.4 | 0.022 | 431.3 | 0.023 | 433 | 0.917 | 580.1 |
J = 4 | 0.002 | 340 | 0.023 | 410.7 | 0.024 | 417.2 | 0.911 | 571.1 |