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:

Potential Profit Rate

refers to the expected return on investment or the rate at which a particular activity or venture might yield profit under optimal conditions.

Usury Laws

Regulations that impose caps on the interest rates that can be charged on loans, designed to protect consumers from excessive rates.

Price Control

The regulation or limitation of prices by governmental laws or policies, typically to control inflation, stabilize the economy, or ensure affordability of essential goods.

Economic Rent

Earnings in excess of the minimum required to keep a factor of production in its current use, often derived from unique advantages.