A rare disease exists with which only 1 in 500 is affected. A test for the disease exists, but of…

A rare disease exists with which only 1 in 500 is affected. A test for the disease exists, but of…

A rare disease exists with which only 1 in 500 is affected. A test for the disease exists, but of course it is not infallible. A correct positive result (patient actually has the disease) occurs 95% of the time, while a false positive result (patient does not have the disease) occurs 1% of the time. If a randomly selected individual is tested and the result is positive, what is the probability that the individual has the disease?

A rare disease exists with which only 1 in 500 is affected. A test for the disease exists, but of…

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