Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Suppose a disease, Kermyfrogulosis, occurs in 1 out of every 100 people. If you have this disease and it goes untreated, the (only) effect is that your skin turns bright green. Suppose that a test for this disease gives 5% false negatives and 10% false positives.

a) Unfortunately, the treatment for the disease has a 1/5 change of actually causing the symptoms, i.e. turning the skin a bright green color and this effect is independent of whether or not the patient has the disease. This means that if you have the disease, the treatment works 4/5ths of the time to prevent the symptoms and if you don't have the disease the treatment has a 1/5th chance of turning your skin green. Anyone who tests positive is automatically given the treatment. What is the probability that an individual who is tested does not have the disease but is treated and has his skin turn green?

b) The federal government decides to screen the entire population for the disease and then administer the treatment. Will people be more likely or less likely to get bright green skin if such a policy is adopted? Give an estimate of the change in likelihood of getting green skin (example: people will be about 3 times more likely, about 7 times less likely etc.).

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91011326

Have any Question?


Related Questions in Statistics and Probability

Before-tax cost of debt and after-tax cost of debt david

Before-tax cost of debt and after-tax cost of debt David Abbot is buying a new house, and he is taking out a 30-year mortgage. David will borrow $200,000 from a bank, and to repay the loan he will make 360 monthly paymen ...

An all-equiry business has 175m shares outstanding selling

An all-equiry business has 175M shares outstanding selling for $20/share. Management believes interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1B in debt and repurch ...

1 to investigate the ecological impact of parasite

1. To investigate the ecological impact of parasite infections, scientists measured the distance that infected western fence lizards,  Scelopons occidentalis , ran in two minutes against a control group of uninfected liz ...

A financial planning licensee striving for excellence in

"A Financial Planning Licensee striving for excellence in their fiduciary duty has decided to set a maximum limit of gearing for all client financial plans they construct." Comment on the merit of taking such an approach ...

Te height of woman ages 20-29 is normally distributed

The height of woman ages 20-29 is normally distributed , with a mean of 64.3 inches. assuming the standard diviation = 2.4 inches. are you more likely to randomly select 1 woman with a height less than 66.2 inches or are ...

Suppose that a fair 6 sided die is rolled let x indicate

Suppose that a fair, 6 sided die is rolled. Let X indicate the event that an odd number is rolled (in other words, X = 1 if an odd number is rolled and X = 0 otherwise). Let Y indicate the event that 2, 3, or 4 is rolled ...

Can you please assist with this the stock price

Can you please assist with this. The stock price distribution is skewed to the right. The mean is $5 and the standard deviation is $6. At least what proportion of prices is located between 1.5 standard deviations. Hint: ...

1 let random variable x represent the

1. Let random variable x represent the number of heads when a fair coin is tossed two times. (a) Construct a table describing the probability distribution. x P(x) 0 1 2 Determine the mean and standard deviation of x.

1the r-squared of a linear regression model is equal to the

1)The R-squared of a linear regression model is equal to the proportion of the variance of the target explained by a linear regression model. 2). The R-squared of a linear regression model is equal to the proportion of t ...

A using an hp 12c calculator what are the correct steps to

a) Using an hp 12c calculator, what are the correct steps to calculate IRR entered as monthly payments and if summed up for a year? b) Using an hp 12c calculator, what is the best way to calculate effective interest rate ...

  • 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