A particular test for the presence of steroids is to be

Assignment Help Finance Basics
Reference no: EM13576732

A particular test for the presence of steroids is to be used after a professional track meet. If steroids are present, the test will accurately indicate this 95% of the time. However, if steroids are not present, the test will indicate this 90% of the time (so it is wrong 10% of the time and predicts the presence of steroids). Based on past data, it is believed that 2% of the athletes do use steroids. This test is administered to one athlete, and the test is positive for steroids. What is the probability that this person actually used steroids?

Reference no: EM13576732

Questions Cloud

Determine the net present value of this investment : george grayson will retire in three years. he wants to open some type of small business operation that can be managed
Find the probability that among 8 randomly selected : a study conducted at a certain college shows that 55 of the schools graduates find a job in their chosen field within a
Using a 12 discount rate compute the net present value of : jessica nekton received 150000 from her mothers estate. she placed the funds into the hands of a broker who purchased
Fun inc has a fully automated production facility in which : fun inc. has a fully automated production facility in which almost 97 percent of averhead costs are driven by machine
A particular test for the presence of steroids is to be : a particular test for the presence of steroids is to be used after a professional track meet. if steroids are present
Suppose a garage has 2 gates one with poisson distribution : suppose a garage has 2 gates one with poisson distribution of 3 carshour and the other gate 4 carshour. what is the
If the 2000 cost is entirely fixed how much must each : dim witt is the county commissioner of clueless county. he decided to institute tolls for local ferry boat passengers.
A sample of 100 customers of montana gas and electric : a sample of 100 customers of montana gas and electric resulted in the following frequency distribution of monthly
Flag financial uses straight-line depreciation for its : flag financial uses straight-line depreciation for its equipment with an estimated useful life of 10 years and zero

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd