Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When people get a positive test result, they become really worried believing they are truly sick. Usually, the proper statistical probabilities of the disease are

image text in transcribed
When people get a positive test result, they become really worried believing they are truly sick. Usually, the proper statistical probabilities of the disease are ignored. If the probability of COVID21 is too low, 1 case in every 1400 person in the population. The test for COVID21 is 95% accurate. In other words, it provides a false positive 5% of the time (the probability of having a positive result while the person is not having the disease is 0.05). Also, the probability of a positive test result for a person who is truly sick is 0.99 (that is, the test provides a false negative result is 0.01). If a person has tested positive, what is the probability that he is truly sick

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Business Of Finance

Authors: Withers Hartley 1867 1950

1st Edition

1313069299, 9781313069298

More Books

Students also viewed these Finance questions