Question: Consider the chart of data below testing for the Corona Virus (also known as COVID-19). Positive Result Negative Result Total Has Virus 213,750 11,250 225,000

Consider the chart of data below testing for the Corona Virus (also known as COVID-19).

Positive Result Negative Result Total

Has Virus 213,750 11,250 225,000

Doesn't 63,750 1,211,250 1,275,000

Total 277,500 1,222,500 1,500,000

If a person got a negative test result, what is the probability they do not have COVID-19?

Round your answer as a percentage with two decimal places.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Dear Friends, I need the solution by today 11.00 PM. Its really important. I dont have lot of funds. I can only pay $10. Max Harvard Business School 9-292-140 June 12, 1992 Arundel Partners: The...

Q:

Case 2 Review Questions Major League Baseball Salaries: \"Why They Make What They Make\" Spring 2016 Background: Using the 1986 payrolls and season records, one can easily show the productivity of...

Q:

Dealer Satisfaction North America Scale 0 2010 2011 2012 2013 2014 Scale 1 1 0 1 1 2 Scale 2 0 0 1 2 3 2 2 1 6 5 Scale 3 Scale 4 Scale 5 Sample 14 22 11 50 14 20 14 50 8 34 15 60 12 34 45 100 15 44...

Q:

The objective of the Homework assignment is to provide an opportunity to apply or practice the tools and techniques covered in the course and to provide an opportunity to articulate key concepts...

Q:

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Q:

CHAPTER 9 ? On Page 4 of your UBPR, locate the data for the balance sheet. You will use this data to calculate k (leverage) using ?Total Assets? (not ?Total Earning Assets?). Assume the...

Q:

"DISCUSS THE EFFECTS OF COVID 19 ON LABOR MARKETS AND THE ECONOMY" Provide an introduction and the background of your study, and clearly state what your research question or objective is. What real...

Q:

I need help with my assignment for accounting. It is to do with report analysis and hypothesis testing. A good knowledge of Excel is required for this task. Analytical review Golden Big Burgers Part...

Q:

Income Statement of an interior design firm, Grand Designs, that makes money by selling hours (fees) and by selling furniture or other items (Sale of Goods). 1) Using the formula for Profit Margin,...

Q:

Describing Data Once we have collected data from surveys or experiments, we need to summarize and present the data in a way that will be meaningful to the reader. We will begin with graphical...

Q:

Massimo Company has been operating for one year (2013). You are a member of the management team investigating expansion ideas, all of which will require borrowing funds from banks. At the start of...

Q:

Dn Assume that a parent company acquired a subsidiary on January 1, 2022. The purchase Q1: Equity Method Acquisition and Consolidating Entries with impairment of Goodwill price was $540,000 in excess...

Q:

Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 26,088 Selling price per unit $ 38 Variable selling expense per unit $4 Variable...

Q:

K. Kolmer, C. Eldman, and C. Ryno share income on a 5:3:2 basis. They have capital balances of $26,200, $29,400 and $15,300, respectively, when Don Jernigan is admitted to the partnership. Prepare...