A Random Person Is Selected from a Large Population in Which

question 58

Multiple Choice

A random person is selected from a large population in which 5% are users of a dangerous illegal drug.A drug test that correctly identifies users 99% of the times and nonusers 95% of the time (this percentage is called "specificity" of the test) is administered to this individual and gives a positive result.What specificity would actually be required to conclude that the probability that this individual is actually a user of this drug is 0.75?

• A)0.965
• B)0.973
• C)0.978
• D)0.983
• E)0.985

Distinguish between alternative reporting formats for jointly controlled entities allowed under AASB 11.

Assess the practical application of the line-by-line and one-line methods of reporting for joint ventures.

Analyze the impact of accounting methods on the transparency and disclosure of joint venture operations in financial statements.

Understand the reporting requirements for a statement of cash flows as per AASB 107.

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Definitions:

Environmental Restrictions

Regulations and policies implemented to protect the natural environment from degradation due to industrial, agricultural, and commercial activities, aiming to preserve biodiversity and sustainability.

George W. Bush

The 43rd President of the United States, serving from 2001 to 2009, notable for his responses to the September 11 attacks and leading the nation into the wars in Afghanistan and Iraq.

War Powers Act

A federal law intended to check the U.S. president's power to commit the country to armed conflict without the consent of Congress, enacted in 1973.

Congressional Approval

The formal consent given by the United States Congress to enact legislation, ratify treaties, or confirm appointments.