A pharmaceutical company has developed a test for a rare disease that is present in 0.5% of the population. The test is 97% accurate in determining a positive result, and the chance of a false positive is 8%. 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 0.5% of the population. The test is 97% accurate in determining a positive result, and the chance of a false positive is 8%. What is the probability that someone who tests positive actually has the disease? (Round your answer to two decimal places.
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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A pharmaceutical company has developed a test for a rare disease that is present in 0.5% of the population. The test is 97% accurate in determining a positive result, and the chance of a false positive is 8%. What is the probability that someone who tests positive actually has the disease? (Round your answer to two decimal places.
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