Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A certain disease is found in one person in 5000. If a person does have the disease, the test will show a positive result 93% of the time. If a person does not have the disease, the test in 1 out of 500 cases will give a false positive result. (hint: tree diagram)

a) Determine the probability of getting a positive test result.

b) What is the probability of getting a negative test result?

c) Given that you got a positive test result, what is the probability that you are actually healthy (i.e. that you do not have the disease)?

d) If you actually have the disease, what is the probability that you will get a negative test result?

e) If you are actually healthy, what is the probability that you will get a negative test result?

f) Given that you received a negative test result, what is the probability that you do have this disease?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91018424

Have any Question?


Related Questions in Statistics and Probability

Leibniz sells you an annuity that pays 1500 every month

Leibniz sells you an annuity that pays $1,500 every month from the end of September 2018 to the end of August 2022 with annual interest rate 7% compounded monthly. (round off all answers to two decimal places) (a) What i ...

A study of cancer was conducted among 10000 men in the

A study of cancer was conducted among 10,000 men in the United States who were 40-75 years of age. Every two years questionnaires are sent to these individuals, and newly diagnosed cases of various cancers were reported. ...

1 out-of-state tuition and fees at the top graduate

1. Out-of-state tuition and fees at the top graduate schools of business can be very expensive, but the starting salary and bonus paid to graduates from many of these schools can be substantial. The following data show t ...

Arvo corporation is trying to choose between three

Arvo Corporation is trying to choose between three alternative investments. The three securities that the company is considering are as follows: Tax-free municipal bonds with a return of 8.8%. Wooli Corporation bonds wit ...

A professor records the following final exam scores 68 6 m

A professor records the following final exam scores: 68 6 (M SD). Students scoring in the top 18% get an A. What is the cutoff score for the top 18% in this example?

When carolinas house burned down she lost household items

When Carolina's house burned down, she lost household items worth a total of $145,000. Her house was insured for $245,000, and her homeowner's policy provided coverage for personal belongings up to 70 percent of the insu ...

Bowman corp pays a constant 1440 dividend on its stock the

Bowman Corp. pays a constant $14.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease paying dividends forever. Required:  If the required return on this stock is 1 ...

Consider the probability distribution shown belowx 0 1 2 px

Consider the probability distribution shown below. x 0 1 2 P(x) 0.65 0.30 0.05 Compute the expected value of the distribution. Compute the standard deviation of the distribution. (Round your answer to four decimal places ...

Folgers has specified that the average amount of coffee

Folgers has specified that the average amount of coffee that goes into one of their small coffee cans is not to exceed 13.24 ounces. A quality control inspector for Folgers takes a random sample of 16 cans and found the ...

Future value of an annuitywhat is the future value of a 470

Future Value of an Annuity What is the future value of a $470 annuity payment over 7 years if the interest rates are 6 percent?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As