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You are conducting a study to assess a new fecal occult blood test for colorectal cancer. There are 277 people ages 50-74 in your study. A total of 206 people test negative. Seven people have the disease and test positive. 257 people don't have colorectal cancer and 193 of them test negative. What is the probability that someone does not have the disease and the test will correctly identify him/her as not having the disease?
Marginal Social Benefit
The additional benefit to society from the production or consumption of one more unit of a good or service.
Environmental Standard
Regulations and criteria set by governments or international bodies to protect the environment and limit pollution.
Quantity of Pollution
This term refers to the amount or volume of pollutants released into the environment, typically measured in terms of mass per unit time.
Marginal Social Cost
The additional cost imposed on society due to the production or consumption of one more unit of a good or service.
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