Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Use the following scenario to answer the next 5 questions. Millions of Americans are subjected to drug testing in the workplace. The tests are not always reliable. A false positive rate of 5% is considered to be a conservative estimate. Suppose that there are 20 employees in your company, which tests its workers weekly.

1) What is the probability of no false-positives for this week's test?

2) What is the probability of at least 1 false-positive for this week's tests?

3) What is the likelihood that the test will give 5 to 10 false positives?

4) What is the chance of at most 3 false positives?

5) How many false positives should the company expect?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91014828

Have any Question?


Related Questions in Statistics and Probability

Assessment task data analysis assignmentquestion 1

Assessment Task: Data Analysis Assignment QUESTION 1. Single-factor experiments Use Minitab for this question. The data in Q1 tab of 60902_AssessmentTask3Data_Spring2018.xlsx records blood cholesterol levels of twenty-ei ...

A random sample of 18 eighth grade students scores on a

A random sample of 18 eighth grade? students' scores on a national mathematics assessment test has a mean score of 269. This test result prompts a state school administrator to declare that the mean score for the? state' ...

A hypothetical population consists of eight individuals

A hypothetical population consists of eight individuals ages 13, 15, 17, 21, 22, 23, 26, and 30 years. (Enter your answers to three decimal places.) (a) What is the probability that a person in this population is a teena ...

The jo supplies company buys calculators from a korean

The J.O. Supplies Company buys calculators from a Korean supplier. The probability of a defective calculator is 20%. If 15 calculators are selected at random, what is the probability that less than 5 of the calculators w ...

Suppose that systolic blood pressure for 35- to

Suppose that systolic blood pressure for 35- to 44-year-olds is normally distributed with mean 125 in mm Hg and standard deviation 10 in mm Hg. What proportion of individuals will have a blood pressure reading between 12 ...

Abbb-rated corporate bond has a yield to maturity of 128

A? BBB-rated corporate bond has a yield to maturity of 12.8 %. A U.S. treasury security has a yield to maturity of 11.4 %. These yields are quoted as APRs with semiannual compounding. Both bonds pay? semi-annual coupons ...

What types processes or procedures support project

What types processes or procedures support project management, continuous improvement and innovative initiatives?

Given the following partial relative frequency

Given the following partial relative frequency table Republican Democrat Independent Male 0.174 0.124 0.178 Female 0.126 0.106 ? Compute P(Republican | Male), and enter your answer with 3 decimal places. show working ple ...

You must choose between investing in stock a or stock b you

You must choose between investing in Stock A or Stock B. You have already used CAPM to calculate the rate of return you should expect to receive for each stock given each one's systematic risk and decided that the expect ...

Tossing a fair coin three times whats the probability that

Tossing a fair coin three times, what's the probability that at least one head will occur?

  • 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