Question
he RBC (the bank) ran a program called RBC Training Ground. The intent of the program is to find the next Olympic athlete for any
he RBC (the bank) ran a program called "RBC Training Ground". The intent of the program is to find the next Olympic athlete for any sport. They have developing a testing program that will determine if you could be 'an Olympic athlete'.
Suppose that1in1,000athletes for any given sport have what it takes to be an Olympic athlete. Now assume that the testing process for this program is95%accurate.Answer the following.
A) If you are an athlete in a sport, what is the probability that you have what it takes to be an Olympic athlete?
B) If the test results come backpositive, what is the probability that you actually what it takes to be an Olympic athlete?
C) If the test results come backnegative, what is the probability that you have actually have what it takes to be an Olympic athlete?
D) Many are surprised the the low probability of B). What are people committing if they are surprised?
Be sure to show your work where appropriate.
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