In a certain community, eight percent of all adults over age 50 have diabetes. If a health service in this community correctly diagnosis 95% of all persons with diabetes as having the disease and incorrectly diagnoses ten percent of all persons without diabetes as having the disease, find the probabilities that: The health service will diagnose an adult over age 50 as having diabetes. A person over 50 diagnosed by the health service as having diabetes actually has the disease.

Q: Each of two parents has the genotype brown/blond​, which consists of the pair of alleles that…

A:

Q: In 2016 Canada was home to 7.54 million foreign-born residents, or 21.9 percent of the population. A…

A: Let X denote the number of residents are foreign-born. Then X follows a Binomial distribution with…

Q: interviewed were unaware that maintaining a healthy weight could reduce the risk of stroke. If 20…

A: Given : Probability of success,p = 0.90

Q: A patient taking an antiviral medication recovers from a respiratory disease with 35% probability.…

A: The probability is p=0.35 and the value of n is 18. Therefore m=np=0.35×18=6.3 Therefore the…

Q: The mayor of a town estimates that 65% of the residents in the town favor a raise of taxes to…

A: Given information: p=The probability of residents in the town favor a raise =65%=0.65 400 people…

Q: A zoo has a collection of 400 flamingos. 180 of these flamingos are red. One day, a fence blew down…

A: Given : A zoo has a collection of 400 flamingos. 180 of these flamingos are red.

Q: When commercial aircrafts are inspected, wing cracks are reported as non-existent, detectable, or…

A: The following information has been given: The probability that planes have no wing cracks p1=0.6.…

Q: a. List the possible outcomes. OA. green/green, green/brown, brown/green, and brown/brown OB.…

A: Let G be the green color and B be the blue color.According to the information provided in the…

Q: In a certain town 90% of the people believe in global warming; 10% of the people do not. What is the…

A: The probability mass function of binomial distribution is given below:

Q: A particular gadget contains 50 integrated circuits (ICs). The probability that any one of these ICs…

A:

Q: In government data, a family consists of two or more persons who live together and arc rclated by…

A:

Q: A marketing research survey shows that approximately 80 percent of car owners surveyed indicated…

A: Introduction :-  Here we have to find various probabilities. Given, A marketing research survey…

Q: An auto insurance company classifies each motorist as "high risk" if the motorist has had at least…

A: Given: From the company's data, a a high-risk motorist has a 50% chance of remaining in the…

Q: Each of two parents has the genotype red/brown, which consists of the pair of alleles that determine…

A: The information provided in the question are as follows:-Each of two parents has the genotype red or…

Q: The nursing department of a college surveyed two hundred graduates from their programs about their…

A: Given Data: P( bachelor's degree)=0.45 P( working in nursing)=0.85 P( in nursing and bachelors)=0.4

Q: Human blood types are typically classified by the ABO blood group and the Rh blood group systems.…

A: First let us create a frequency table of the blood types from the given Venn diagram.   A B AB O…

Q: In a certain year, 23.2% of all light vehicles were light trucks, 7.0% were SUVs, and 69.8% were…

A: Let A be the event that the deadly proved accident occurred to the driver Given that P(A | Light…

Q: An automotive plant produces three types of vehicles: Sedan, SUV and Sports. 56% of the production…

A: Given information: The probabilities are as given below: P (Sedan) = 56% = 0.56 and P (SUV) = 20% =…

Q: A company is marketing a new video game. Market research indicates that 9% of the the market has…

A: Given Information: 9% of the the market has seen an advertisement for the new game.  28% of those…

Q: In a survey, 25% of respondents said they watched football but not cricket, 15% said they watched…

A:

Q: Suppose a basketball player has a free throw success rate of 75%. If she takes 4 free throws in a…

A: given that, a basketball player has a free throw success rate of 75%.

Q: An auto insurance company classifies each motorist as "high risk" if the motorist has had at least…

A: Given,   PHigh risk next year/High risk this year=50%   Plow risk next year/High risk this year=50%…

Q: A company is developing a new drug, and the clinical trials show that the drug has a 75% chance of…

A: Probability of curing a particular illness(p)=0.75sample size(n)=10Let "x" be the no. of patients…

Q: Out of 800 families with four children each, what percentage would be expected to have no girls?…

A: Given that, Out of 800 families with four children each and  boys and girls are equally likely to…

Q: In a sample of 1500 adult U.S. citizens, 690 said that Donald Trump was the worst president in U.S.…

A: Sample of size(n)=1500X=no.of adults who said Donald trump was the worst president in…

Q: An auto insurance company classifies each motorist as "high risk" if the motorist has had at least…

A: Consider the given company’s data Let that state 1 is high risk motorist and, while state 2 is low…

Q: Some cyclists ride their bicycles on the wrong side of the road, the opposite direction of car…

A: It was stated that some cyclists ride their bicycles on the wrong side of the road, the opposite…

Q: Research has shown that approximately 1 woman in 700 carries a mutation of a particular gene. About…

A: We are given,Research has shown that approximately 1 woman in 700 carries a mutation of a particular…

Q: An agricultural cooperative claims that 85% of the watermelons shipped out are ripe and eady to eat.…

A:

Q: n 2000, 86% of all Caucasians in the United States, 77% of all African-Americans, 77% of all…

A: It was stated that in 2000, 86% of all Caucasians in the United States, 77% of all…

Q: A survey of the membership of a country club indicates that 50% regularly use the golf course, 34%…

A: Concept of General Addition Rule: For any two events A and B the General Addition Rule states that:…

Q: A software company releases a new app, and statistics show that 60% of users prefer the free…

A: To find the probability that a new user will start with the free version and then upgrade to the…

Q: An organization conducts an annual survey of cybersecurity at firms from around the world. In a…

A: The provided information is as follows:The total number of firms is .The total number of firms that…

Q: A medical test is used to detect a particular disease. Suppose that 0.2% of the population has the…

A: We have to use Bayes theorem to find the conditional probability.

Q: You have just talked to a randomly selected person who was wearing a red shirt, but forgot to ask…

A:

Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.