isotope
Joined:
Mar 31, 2016
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isotope

Male

I am a student of probabilities and statistics -- especially interested in volatility as a tradable speculative object. Apr 2, 2016

    1. isotope
      isotope
      I am a student of probabilities and statistics -- especially interested in volatility as a tradable speculative object.
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    A test of a disease presents a rate of 5% false positives. The disease strikes 1/1,000 of the population. People are tested at random, regardless of whether they are suspected of having the disease. A patient's test is positive. What is the probability of the patient being stricken with the disease?

    --
    "Fooled by randomness" - Taleb