Solve the Problem. -The Results of a Medical Test Show That of 75

question 138

Multiple Choice

Solve the problem.
-The results of a medical test show that of 75 people selected at random who were given the test, 3 Tested positive and 72 tested negative. Determine the odds in favor of a person selected at random Testing positive on the test.

• A) 1 : 24
• B) 24 : 1
• C)25: 1
• D)1 : 25

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Definitions:

Political Risk

The risk of losing assets, earning power, or managerial control as a result of political actions or instability in the country of operation.

Greenfield Investment

Direct investment in new facilities or the expansion of existing facilities in a foreign country, starting from scratch.

Global Sourcing

Global sourcing is the practice of sourcing goods and services from the global market, capitalizing on global efficiencies such as cheaper labor or raw materials.

Antitrust Issues

Legal matters related to regulations that prevent monopolies and promote competition among businesses.