Consider the following situation as a Bayesian; the situation is very similar to the "Kahneman's Cab" situation we discussed in class. In a given population, 1% of the people might have cancer. Tests can be taken to identify cancer. The following are the details about the test: 1) Test will be positive 80% of the time if someone has cancer (and therefore 20% miss it). 2) 9.6% of tests detect cancer when it's not there (and therefore 90.4% correctly return a negative result). Suppose you get a positive test. What is the actual probability you have cancer?
A. ~1%
B. ~99%
C. ~80%
D. ~8%
Answer: D
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Kim is having a difficult time working with her new team on a class project. Kim wants to work together as a team which most of the other students want to work on their own parts of the project and put their name on those parts so they get credit for doing their own work. Kim would prefer that the project be submitted by the full team and that all the team members earn the same grade for the completed project. Kim most likely comes from which type of culture?
A. individualistic B. collectivistic C. socialist D. matriarchal
A corporation's stockholders are the primary recipients of financial leverage
Indicate whether the statement is true or false
Government officials who are concerned about consumer rights and protection focus on product ________
A) placement and pricing B) labeling and packaging C) litigation time limits D) registration of letters of complaint
The unit information section of the production report has two major subdivisions: (1 ) units to account for and (2 ) units accounted for
Indicate whether the statement is true or false