Cysts ​ After Researching Cysts of a Particular Type,a Doctor

question 160

Short Answer

Cysts
​ After researching cysts of a particular type,a doctor learns that out of 10,000 such cysts examined,1,500 are malignant and 8,500 are benign.A diagnostic test is available which is accurate 80% of the time (whether the cyst is malignant or not).The doctor has discovered the same type of cyst in a patient. ​ ​
-{Cysts Narrative} In the absence of any test,what is the probability that the cyst is benign?

Analyze the impact of external shocks on market supply and demand.

Comprehend the role of substitute goods in market dynamics.

Recognize the effect of cost changes on market supply.

Identify the consequences of policy and regulation changes on markets.

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Definitions:

Independent Variable

The factor in an experiment that is intentionally altered to determine its impact on the outcome variable.

Dependent Variable

The variable in an experiment that is expected to change in response to manipulations in the independent variable.

Extraneous Variable

A variable that is not of interest in a study but can affect the outcome of the experiment, potentially leading to erroneous conclusions if not controlled.

Control Factors

Variables that are kept constant and unchanging throughout an experiment to ensure that the results are due to the independent variable being tested.