Macroeconomics: Private and Public Choice
15th Edition
ISBN: 9781305176799
Author: Gwartney
Publisher: Cengage
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Chapter 19, Problem 14CQ
(a)
To determine
The exports and imports of Country U’s economy with Country J and Country C.
(b)
To determine
The reason for persistent
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3. Question
You invented a new lateral-flow test for asymptomatic Covid-19 detection,
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3. Question
You invented a new lateral-flow test for asymptomatic Covid-19 detection,
where saliva is entered into a test-tube and then the result is shown directly
on the device. However, to save on costly chemicals you designed the tests
such that it always reports a negative test result. Assume that the incidence
rate is 5 per 1000 and that your test is used for detection of asymptomatic
cases (without symptoms).
(a) Calculate the probability that 100 randomly determined volunteers receive
a correct test result by using the AND-rule and the OR-rule. Can your
test be qualified as a diagnostic test?
(b) The health authorities are investigating the performance of your test.
Government guidelines require a specificity (conditional probability to re-
ceive a negative test result given that the test-taker is not infected with
COVID19) of at least 97% and a sensitivity (conditional probability to
receive a positive test result given that the test-taker is infected with
COVID-19) of at…
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Macroeconomics: Private and Public Choice
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