Answer the Question. -Suppose That a Test for a Disease Correctly Gives Positive

question 36

Multiple Choice

Answer the question.
-Suppose that a test for a disease correctly gives positive results for 95% of those having the disease and correctly gives negative results for 90% of those who don't have the disease. Suppose also that
The incidence of the disease is 1%. If a person tests positive for the disease, what is the chance that
They have the disease? Find the exact percentage.

• A)13.4%
• B)10%
• C)95%
• D)8.8%

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Definitions:

Revenue Function

A mathematical function explaining how revenues are generated from sales at different prices.

Fixed Cost

Expenses that do not change with the level of goods or services produced over the short term.

Expense Function

A mathematical representation or formula used to calculate the total expenses incurred by a business or individual.

Demand Function

A mathematical formula representing the relationship between the quantity demanded of a good and its affecting factors such as price, income, and preferences.