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re: "Half the schools are below average" - not always true

Posted on 9/30/14 at 10:07 am to
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67228 posts
Posted on 9/30/14 at 10:07 am to
quote:

According to Taleb (I forget if he cites a source or not) - doctors will give the wrong answer almost every time.


Wouldn't the answer be 99%?
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 9/30/14 at 10:10 am to
quote:



Wouldn't the answer be 99%?


Nope.

Its a LOT less. 1 in 11.

Proof:

1% false positive means that out of a population, of say, 1000 - 10 people will test false positive.

But since the known disease rate is 0.1% - only one person out of that population of 1000 will actually have the disease.

So there are 10 people who test false positive for every one person who actually has the disease.



(I forgot to mention there are no false negatives in this example)
This post was edited on 9/30/14 at 10:11 am
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