Refer to the Table Which Summarizes the Results of Testing

question 25

Multiple Choice

Refer to the table which summarizes the results of testing for a certain disease $\begin{array}{l|cc} & \begin{array}{l}\text { Positive } \\\text { Test Result }\end{array} & \begin{array}{l}\text { Negative } \\\text { Test Result }\end{array} \\\hline \text { Subject has the disease } & 87 & 9 \\\text { Subject does not have the disease } & 27 & 312\end{array}$

A test subject is randomly selected and tested for the disease. What is the probability the subject has the disease given that the test result is negative?

• A) \(0.094\)
• B) \(0.028\)
• C) \(0.972\)
• D) \(0.221\)

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Definitions:

Installment Note

A debt or loan that is repaid over time with a set number of scheduled payments, typically including both principal and interest.

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, payable over a certain period to the lender as compensation for the loan.

Installment Note

A debt instrument that requires a series of periodic payments, often including both principal and interest, over a set period of time.

Carrying Amount

The value of an asset or liability as reported in a company's financial statements, reflecting adjustments like depreciation or amortization.