An aircraft maintenance company bought an equipment for detecting structural defects in aircrafts. the equipment detects defects and give alarm when they actually exist is 95% while if gives false alarm in 1% of the tests. If 2% of the aircrafts actually have structural defects, what is the probability that an aircraft actually has a structural defect given that the equipment gives an alarm?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
An aircraft maintenance company bought an equipment for detecting structural defects in aircrafts.
the equipment detects defects and give alarm when they actually exist is 95%
while if gives false alarm in 1% of the tests. If 2% of the aircrafts actually have structural defects, what is the
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