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Disco Fever is randomly found in one half of one percent of the general population.Testing a swatch of clothing for the presence of polyester is 99% effective in detecting the presence of this disease.The test also yields a false-positive in 4% of the cases where the disease is not present.What is the probability that the disease is present if the test result comes back positive?
Charitable Pledges
Promises or commitments to donate a specific amount of money to a charity or for a philanthropic cause.
Bankruptcy
A legal process for individuals or entities that are unable to repay their debts, allowing for a reorganization or elimination of debt under the protection of the law.
Enforceable
Capable of being imposed or carried out by legal action or authority; describes a rule, contract, or law that can be legally upheld.
Bargained For
In contract law, referring to an exchange that parties agree upon, which forms the basis for a legally enforceable contract.
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