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Many e-mail account holders get spam e-mail inviting the purchase of certain "erectile assistance" drugs like Cialis and Tadalfil. (I get these regularly). Such drugs have to be approved by the FDA in USA before sale. Suppose there is a 0.95 chance the FDA will approve a new drug if the results of current testing show no side effects; but they will also approve the drug with a 0.50 chance if testing shows side effects. A certain physician working for the drug manufacturer believes there is a 0.20 chance the drug will cause side effects. What is the probability the drug will be approved by the FDA? Many e-mail account holders get spam e-mail inviting the purchase of certain "erectile assistance" drugs like Cialis and Tadalfil. (I get these regularly). Such drugs have to be approved by the FDA in USA before sale. Suppose there is a 0.95 chance the FDA will approve a new drug if the results of current testing show no side effects; but they will also approve the drug with a 0.50 chance if testing shows side effects. A certain physician working for the drug manufacturer believes there is a 0.20 chance the drug will cause side effects. What is the probability the drug will be approved by the FDA?
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Let Probability of having side effects PS Let Probability of No side effec... View the full answer
Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
Posted Date:
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