Homework Help is Here – Start Your Trial Now!
Business
Economics
Drug usage in the workplace costs employers incredible amounts of money each year. Drug testing potential employees have become so prevalent that drug users are finding it extremely hard to find jobs. Drug tests, however, are not completely reliable. To decrease the likelihood of making an error, all potential employees are screened through two tests, which are independent. One test has a 93 % accuracy and the other has a 94% accuracy. Step 1 of 2: If a person were drug free, what is the probability they would fail both tests? Round your answer to four decimal places, if necessary.

Drug usage in the workplace costs employers incredible amounts of money each year. Drug testing potential employees have become so prevalent that drug users are finding it extremely hard to find jobs. Drug tests, however, are not completely reliable. To decrease the likelihood of making an error, all potential employees are screened through two tests, which are independent. One test has a 93 % accuracy and the other has a 94% accuracy. Step 1 of 2: If a person were drug free, what is the probability they would fail both tests? Round your answer to four decimal places, if necessary.

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter7: Uncertainty
Section: Chapter Questions
Problem 7.15P
See similar textbooks
icon
Related questions
Question
Drug usage in the workplace costs employers incredible amounts of money each year. Drug testing potential employees have become so prevalent that drug users are finding it extremely hard to find jobs. Drug tests, however, are not completely reliable. To decrease the likelihood of making an error, all potential employees are screened through two tests, which are independent. One test has a 93 % accuracy and the other has a 94% accuracy. Step 1 of 2: If a person were drug free, what is the probability they would fail both tests? Round your answer to four decimal places, if necessary.
Transcribed Image Text:Drug usage in the workplace costs employers incredible amounts of money each year. Drug testing potential employees have become so prevalent that drug users are finding it extremely hard to find jobs. Drug tests, however, are not completely reliable. To decrease the likelihood of making an error, all potential employees are screened through two tests, which are independent. One test has a 93 % accuracy and the other has a 94% accuracy. Step 1 of 2: If a person were drug free, what is the probability they would fail both tests? Round your answer to four decimal places, if necessary.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
EBK HEALTH ECONOMICS AND POLICY
EBK HEALTH ECONOMICS AND POLICY
Economics
ISBN:
9781337668279
Author:
Henderson
Publisher:
YUZU
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS