Question
A screening test for a newly discovered disease is being evaluated for its effectiveness and sensitivity as a screening test in industry. In order to
A screening test for a newly discovered disease is being evaluated for its effectiveness and sensitivity as a screening test in industry. In order to determine the effectiveness of the new test, it was administered to 200 workers. A total of 30 individuals who had been diagnosed with the disease tested positive for it. Results showed a negative test for an additional 10 people with the disease. A total of 40 people without the disease tested positive.
- What is the prevalence rate of the disease?
- What is the sensitivity of the test?
- What is the specificity of the test?
- What is the positive predictive value?
- What is the negative predictive value?
- What is the accuracy of the test?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
