There’s nothing I can say to make this question less painful…
What statistical value will help you determine how much you should change your clinical decision based on the test's result (terrible hint: it is independent of prevalence)?
Likelihood ratio.
Yes. The LR+ gives you a tool to gage how much a positive or negative result can be used in your clinical judgement. This, along with a pretest probability helps you use your tools more wisely. A higher LR+, for instance, means that you have a higher probability to have a True Positive result.
How do you calculate it? LR+= Sensitivity / 1-Specificity LR-=1-Sensitivity / Specificity
What the hell is up with that image, you ask?
Itamar
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