It is given in the question that
Suppose the supply function for product x is given by
And we have to find how much of product x is produced when px = $600 and pz = $60.
And for that, we have to substitute 600 for px and 60 for pz, and on doing so, we will get
And that's the required answer .
Answer:
0.8894 is the probability that the test result comes back negative if the disease is present .
Step-by-step explanation:
We are given the following in the question:
P(Disco Fever) = P( Disease) =
Thus, we can write:
P(No Disease) =
P(Test Positive given the presence of the disease) = 0.99
P( false-positive) = 4%
We have to evaluate the probability that the test result comes back negative if the disease is present, that is
P(test result comes back negative if the disease is present)
By Bayes's theorem, we can write:
0.8894 is the probability that the test result comes back negative if the disease is present .