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In: Economics

A​ new, simple test has been developed to detect a particular type of cancer. The test...

A​ new, simple test has been developed to detect a particular type of cancer. The test must be evaluated before it is put into use. A medical researcher selects a random sample of

1,000

adults and finds​ (by other​ means) that

3​%

have this type of cancer. Each of the

1,000

adults is given the​ test, and it is found that the test indicates cancer in

97​%

of those who have it and in

2​%

of those who do not. Based on these​ results, what is the probability of a randomly chosen person having cancer given that the test indicates​ cancer? Of a person having cancer given that the test does not indicate​ cancer?

Based on these​ results, what is the probability of a randomly chosen person having cancer given that the test indicates​ cancer?

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