Cysts ​ After Researching Cysts of a Particular Type,a Doctor

question 178

Essay

Cysts
​ After researching cysts of a particular type,a doctor learns that out of 10,000 such cysts examined,1,500 are malignant and 8,500 are benign.A diagnostic test is available which is accurate 80% of the time (whether the cyst is malignant or not).The doctor has discovered the same type of cyst in a patient. ​ ​
-{Cysts Narrative} What is the probability that the patient will test negative?

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Definitions:

Cash Conversion Cycle

An indicator that calculates how long a business requires to turn its inventory and asset investments into cash earnings from sales activities.

Departmental Contributions

The financial or resource contributions made by individual departments towards the achievement of the overall organizational goals.

Direct Expense

Direct expense refers to costs directly incurred in the manufacturing of a product or in providing a service, distinguishable by its direct association with specific business activities.

Indirect Expenses

Costs that are not directly attributable to the production of goods or services, such as administrative and marketing expenses.