A pharmaceutical company has developed a test for a rare disease that is present in 0.3% of the population. The test is 95% accurate in determining a positive result, and the chance of a false positive is 7%. What is the probability that someone who tests positive actually has the disease? (Round your answer to two decimal places.)

A pharmaceutical company has developed a test for a rare disease that is present in 0.3% of the population. The test is 95% accurate in determining a positive result, and the chance of a false positive is 7%. What is the probability that someone who tests positive actually has the disease? (Round your answer to two decimal places.)

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....

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