When told that over a 10-year period a mammogram test has a false positive rate of 50
Question:
When told that over a 10-year period a mammogram test has a false positive rate of 50 percent, Bob said, “That means that about half the women tested actually have no cancer.” Correct Bob’s mistaken interpretation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
This is the probability of ...View the full answer
Answered By
Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
QuickBooks Online - Certified ProAdvisor (Advance - QuickBooks Online for 3 years.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Essential Statistics In Business And Economics
ISBN: 9781260239508
3rd Edition
Authors: David Doane, Lori Seward
Question Posted:
Students also viewed these Mathematics questions
-
In one study, physicians were asked to estimate the probability of a malignant cancer given that a test showed a positive result. They were told that the cancer had a prevalence rate of 1%, the test...
-
It is recommended that women age 40 and older have a mammogram annually. A recent report indicated that if a woman has annual mammograms over a 10-year period, there is a 60% probability that there...
-
A CBS News Poll15 asked the question "Compared to your parents' generation, do you think in general your opportunities to succeed in life are better than theirs, about the same as theirs, or worse...
-
How are financial statements adjusted for exchange rates?
-
Use the quadratic formula to find the zeros of y = 2x2 + 2x + 5. Explain what happens. Graph y = 2x2 + 2x + 5 to confirm your observation. How can you recognize this situation before using the...
-
(a) A periodic function f(t), of period 2, is defined in t by Obtain a Fourier series expansion for f(t). (b) By formally differentiating the series obtained in (a), obtain the Fourier series...
-
Nishi Corporation prepares financial statements for each month-end. As part of its accounting process, estimated income taxes are accrued each month for 30% of the current months net income. The...
-
Jefferson Animal Rescue is a private not-for-profit clinic and shelter for abandoned domesticated animals, chiefly dogs and cats. At the end of 2016, the organization had the following account...
-
2.4. The table below represents project information pertaining to the ABC Project. Use the information in the table below to draw the Gannt chart for the ABC Project. (10 marks)
-
Continuing problem 10, Westmark Industrials annual income statement and balance sheet for December 31, 2017, are shown next. Additional information about the companys accounting methods and the...
-
A quality control standard requires that no more than 5 percent of bags of Halloween candy be underweight. A random sample of 200 bags showed that 16 were underweight. (a) At = .025, is the standard...
-
If we fail to reject the null hypothesis that = .50 even though the true proportion is .60, what is the probability of Type I error?
-
Which of the following does not require an adjustment to the financial records? a. Deposits in transit b. Bank service charge c. Check that was incorrectly recorded by the firm at $115 but was paid...
-
Melannie Inc. sold $8,200 worth of merchandise on June 1, 2015 on credit. After inspecting the inventory, the customer determined that 10% of the items were defective and returned them to Melannie...
-
2. (20 marks) A firm wishes to produce a single product at one or more locations so that the total monthly cost is minimized subject to demand being satisfied. At each location there is a fixed...
-
Evaluate your own negotiation way. Do you have one? how you consider having an excellent negotiaiton skill could help any business person to achieve its goals.
-
j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note). Assume 360 days per year. Date Description Dec. 31 Interest Receivable Interest Revenue Debit Credit
-
A Chief Risk Officer (CRO) is interested in understanding how employees can benefit from AI assistants in a way that reduces risk. How do you respond
-
Find the probability that each of the following events occur. a. Exactly five heads are obtained when a fair coin is tossed nine times. b. Exactly two 6s are obtained with 11 rolls of a fair die.
-
A glass manufacturer produces hand mirrors. Each mirror is supposed to meet company standards for such things as glass thickness, ability to reflect, size of handle, quality of glass, color of...
-
Car security alarms go off at a mean rate of 3.8 per hour in a large Costco parking lot. Find the probability that in an hour there will be (a) No alarms; (b) Fewer than four alarms; and (c) More...
-
In a certain automobile manufacturing paint shop, paint defects on the hood occur at a mean rate of 0.8 defect per square meter. A hood on a certain car has an area of 3 square meters. (a) Justify...
-
Past insurance company audits have found that 2 percent of dependents claimed on an employee's health insurance actually are ineligible for health benefits. An auditor examines a random sample of 7...
-
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five - year period. His annual pay raises are determined by his division s...
-
Consider a 5 year debt with a 15% coupon rate paid semi-annually, redeemable at Php1,000 par. The bond is selling at 90%. The flotation cost is Php50 per bind. The firm's tax bracket is 30%.
-
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the fourth year. The initial cost of the project is $749,600. What is the...
Study smarter with the SolutionInn App