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An AI machine conducts a test to detect a disease. 0.1 % of the population have the disease. The effectiveness of test is 99 % in detecting an infected person. However, the test gives a false positive result in 0.5 % of cases; meaning that they are not infected but the test is positive. Considering the above information, if a person tests positive for the disease what is the probability that they actually have it?
Evaluate the planning function of management
As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: $1,800 today, $8,000 in 11 years, or $26,000 in 27 years. Assuming that you ..
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