Suppose you are analyzing a test for a blood disease where
• 94% of people with the disease test positive.
• Only 0.5% of the population has this disease.
• The false-positive rate is 0.1%.
(a) What is the test’s precision, that is the probability that a person with a positive test has the disease?
(b) What is the accuracy of the test, that is the probability that either a person tests positive AND has the disease OR a person tests negative AND does not have the disease?
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