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Refer to the information in [link] . P = tests positive.

  1. Given that a woman develops breast cancer, what is the probability that she tests positive. Find P ( P | B ) = 1 - P ( N | B ).
  2. What is the probability that a woman develops breast cancer and tests positive. Find P ( B AND P ) = P ( P | B ) P ( B ).
  3. What is the probability that a woman does not develop breast cancer. Find P ( B′ ) = 1 - P ( B ).
  4. What is the probability that a woman tests positive for breast cancer. Find P ( P ) = 1 - P ( N ).

a. 0.98; b. 0.1401; c. 0.857; d. 0.15

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A student goes to the library. Let events B = the student checks out a book and D = the student checks out a DVD. Suppose that P ( B ) = 0.40, P ( D ) = 0.30 and P ( D | B ) = 0.5.

  1. Find P ( B′ ).
  2. Find P ( D AND B ).
  3. Find P ( B | D ).
  4. Find P ( D AND B′ ).
  5. Find P ( D | B′ ).
  1. P ( B′ ) = 0.60
  2. P ( D AND B ) = P ( D | B ) P ( B ) = 0.20
  3. P ( B | D ) = P ( B  AND  D ) P ( D ) = ( 0.20 ) (0 .30) = 0.66
  4. P ( D AND B′ ) = P ( D ) - P ( D AND B ) = 0.30 - 0.20 = 0.10
  5. P ( D | B′ ) = P ( D AND B′ ) P ( B′ ) = ( P ( D ) - P ( D AND B ))(0.60) = (0.10)(0.60) = 0.06
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References

DiCamillo, Mark, Mervin Field. “The File Poll.” Field Research Corporation. Available online at http://www.field.com/fieldpollonline/subscribers/Rls2443.pdf (accessed May 2, 2013).

Rider, David, “Ford support plummeting, poll suggests,” The Star, September 14, 2011. Available online at http://www.thestar.com/news/gta/2011/09/14/ford_support_plummeting_poll_suggests.html (accessed May 2, 2013).

“Mayor’s Approval Down.” News Release by Forum Research Inc. Available online at http://www.forumresearch.com/forms/News Archives/News Releases/74209_TO_Issues_-_Mayoral_Approval_%28Forum_Research%29%2820130320%29.pdf (accessed May 2, 2013).

“Roulette.” Wikipedia. Available online at http://en.wikipedia.org/wiki/Roulette (accessed May 2, 2013).

Shin, Hyon B., Robert A. Kominski. “Language Use in the United States: 2007.” United States Census Bureau. Available online at http://www.census.gov/hhes/socdemo/language/data/acs/ACS-12.pdf (accessed May 2, 2013).

Data from the Baseball-Almanac, 2013. Available online at www.baseball-almanac.com (accessed May 2, 2013).

Data from U.S. Census Bureau.

Data from the Wall Street Journal.

Data from The Roper Center: Public Opinion Archives at the University of Connecticut. Available online at http://www.ropercenter.uconn.edu/ (accessed May 2, 2013).

Data from Field Research Corporation. Available online at www.field.com/fieldpollonline (accessed May 2,2 013).

Chapter review

The multiplication rule and the addition rule are used for computing the probability of A and B , as well as the probability of A or B for two given events A , B defined on the sample space. In sampling with replacement each member of a population is replaced after it is picked, so that member has the possibility of being chosen more than once, and the events are considered to be independent. In sampling without replacement, each member of a population may be chosen only once, and the events are considered to be not independent. The events A and B are mutually exclusive events when they do not have any outcomes in common.

Formula review

The multiplication rule: P ( A AND B ) = P ( A | B ) P ( B )

The addition rule: P ( A OR B ) = P ( A ) + P ( B ) - P ( A AND B )

Use the following information to answer the next ten exercises. Forty-eight percent of all Californians registered voters prefer life in prison without parole over the death penalty for a person convicted of first degree murder. Among Latino California registered voters, 55% prefer life in prison without parole over the death penalty for a person convicted of first degree murder. 37.6% of all Californians are Latino.

In this problem, let:

  • C = Californians (registered voters) preferring life in prison without parole over the death penalty for a person convicted of first degree murder.
  • L = Latino Californians

Suppose that one Californian is randomly selected.

In words, what is C | L ?

C | L means, given the person chosen is a Latino Californian, the person is a registered voter who prefers life in prison without parole for a person convicted of first degree murder.

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In words, what is L AND C ?

L AND C is the event that the person chosen is a Latino California registered voter who prefers life without parole over the death penalty for a person convicted of first degree murder.

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Are L and C independent events? Show why or why not.

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Find P ( L OR C ).

0.6492

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In words, what is L OR C ?

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Are L and C mutually exclusive events? Show why or why not.

No, because P ( L AND C ) does not equal 0.

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Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
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John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
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Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
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Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
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economic overview notes
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identify a demand and a supply curve
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i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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