Suppose the probability of an athlete taking a certain illegal steroid is 10%. A test has been developed to detect this type of steroid and will yield either a positive or negative result. Given that the athlete has taken this steroid, the probability of a positive test result is 0.995. Given that the athlete has not taken this steroid, the probability of a negative test result is 0.992. Given
that a positive test result has been observed for an athlete, what is the probability that they have taken this steroid?
A) 0.9325 B) 0.9552 C) 0.9928 D) 0.0995
A
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XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Which of the following would be the appropriate tax consequence?
A) Premiums are paid with tax credits B) Benefits are partially taxable C) Benefits are fully taxable D) Premiums are paid with after-tax dollars
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Parties to a contract agree upon liquidated damages after the contract has been breached
Indicate whether the statement is true or false
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