Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Drug use among athletes remains a problem at Olympic competitions. Detection is not foolproof due to the inaccuracy of tests. Suppose a test is carried out for a particular drug on a population of 1,000 athletes of which there are 100 drug users. 50 of these drug users would test positive. Of the non-drug users, 9 would test positive.

a. Calculate the probability that a known drug user will test positive.

b. Calculate the probability that a known non-drug user will test negative.

c. Find the probability that if an athlete tests positive, the athlete really is a drug user.

d. Find the probability that if an athlete tests negative, the athlete really is a non-drug user.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92776458
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Economics

Ernies utility function isnbspuxnbspy 32xy he has 10 units

Ernie's utility function is  U ( x ,  y ) = 32 xy . He has 10 units of good x and 8 units of good y. Waldo's utility function for the same two goods is  U ( x ,  y ) = 3 x  + 5 y . Waldo has 9 units of  x  and 13 units o ...

A jewerly store paid a unit price of 250 less 40 16 8 for

A jewerly store paid a unit price of $250 less 40%, 16% , 8% for a shipment of designer watches. the store's overhead expenses are 65% of cost and the required profit is 55% of coat. a. What is the regular selling price ...

Consider the following cournot oligopolythere are two

Consider the following Cournot oligopoly: There are two identical firms in the industry, which set their quantities produced simultaneously. The two firms face a market demand curve, Q = 120 - P, in which Q = q1 + q2. Ea ...

A manufacture makes makes two models of an item model 1

A manufacture makes makes two models of an item. Model 1 which accounts for 89% of unit sales, and model 2, which accounts for 11% of unit sales. Because of defects the manufacture has to replace (or exchange) 11% of its ...

Xl cos dividends are expected to grow at a 20 rate for the

XL Co.'s dividends are expected to grow at a 20% rate for the next 3 years, with the growth rate falling off to a constant 6% thereafter. If the required return is 14% and the company just paid a $3.10 dividend, what is ...

Give an example of a binary relation which is connected and

Give an example of a binary relation which is connected and transitive but not reflexive.

Can you provide the answer and explain whythe price

Can you provide the answer and explain why? The price elasticity of demand for a good will be greater the less available are suitable substitutes for this good the longer the time period considered for a group of related ...

How to determine the points for graphically representing

How to determine the points for graphically representing the equilibrium(600000) which was derived from the equation, D=1500000-60000W, S= 120000W-1200000, with wage rate being $15 per hour at equilibrium.

The average number of women in a shelter each night is 250

The average number of women in a shelter each night is 250 with a standard deviation of 75. If the city's capacity is 350 people will there be enough beds to meet the demand 95% of the time? How many women will be in the ...

A certain device is used to determine the sex of an unborn

A certain device is used to determine the sex of an unborn baby, but the device is not very reliable. If the fetus is truly a boy, the device says BOY with probability 0:8 (but, mistakenly, GIRL with probability 0:2). If ...

  • 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