I suppose one way to reduce uncertainty is to examine a cohort of patients and follow it meticulously. To do that, we can look at the 99-patient case study published in The Lancet yesterday: https://www.thelancet.com/journals/lancet/article/PIIS0140-6... 11 died, 31 were discharged, and 57 remain in the hospital. This suggests a CFR of 11/(11+31) = 26% The assumption epidemiologists make when they use this formula is that the 57 still in the hospital have the same chance of dying as those who already died in the hospital.
Another way of looking at probabilities, out of the 57 patients left in the hospital:
If 0 die (ie. all recover), the CFR is 11% (11 deads, 88 recovered)
If 15 die (26% of 57 still hospitalized), the CFR is 26% (11+15=26 deads, 73 recovered)
If 57 die, the CFR is 69% (11+57=68 deads, 31 recovered)
So the CFR bounds are 11-69% and if the trend on remaining patients continue it should be 26%.
Only 7% of hospitalized flu cases died in 2018-2019 (34 157 out of 490,561): https://www.cdc.gov/flu/about/burden/index.html The coronavirus would thus appear to be 4 times more deadly (26%.)
In other places that are better prepared and which have more resources the outcomes will likely be better, in worse prepared places with fewer resources the outcomes will likely be worse.
Let's keep that in mind before we extrapolate from Wuhan to the rest of the world.
I doubt this. WHile this may be true for a known disease, we have to ask, how much can the hospital do in this cases? It is a little bit like HIV in the beginning. Watch them die?
Interestingly, China is trying HIV medications on the infected.
For more info on ARDS and treatment in the context of the current pandemic, see this informative explanation: https://www.youtube.com/watch?v=okg7uq_HrhQ
This is a very straightforward application of survival analysis, and those still in the hospital are "censored" observations - we know their outcome takes place in the future, but we're not sure when.
There are methods for calculating things like CFR in the presence of censoring, which will change based on what type of model you're using.