Numerov's method

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Confusion of the inverse, also called the conditional probability fallacy or the inverse fallacy, is a logical fallacy whereupon a conditional probability is equivocated with its inverse:[1][2] That is, given two events A and B, the probability of A happening given that B has happened is assumed to be about the same as the probability of B given A. More formally, P(A|B) is assumed to be approximately equal to P(B|A).

Examples

Example 1

In one study, physicians were asked what the chances of malignancy with a 1% prior probability of occurring and a positive test result from a diagnostic known to be 80% accurate with a 10% false positive rate for that type of test.[3] 95 out of 100 physicians responded the probability of malignancy would be about 75%, apparently because the physicians believed that the chances of malignancy given a positive test result were approximately the same as the chances of a positive test result given malignancy.

The correct probability of malignancy given a positive test result as stated above is 7.5%, derived via Bayes' theorem:

Other examples of confusion include:

  • Hard drug users tend to use marijuana; therefore, marijuana users tend to use hard drugs (the first probability is marijuana use given hard drug use, the second is hard drug use given marijuana use).[4]
  • Most accidents occur within 25 miles from home; therefore, you are safest when you are far from home.[4]
  • Terrorists tend to have an engineering background; so, engineers have a tendency towards terrorism.[5]

For other errors in conditional probability, see the Monty Hall problem and the base rate fallacy. Compare to illicit conversion.

Example 2

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Singapore has been beckoning to traders ever since the value of properties in Singapore started sky rocketing just a few years again. Many businesses have their places of work in Singapore and prefer to own their own workplace area within the country once they decide to have a everlasting office. Rentals in Singapore in the corporate sector can make sense for some time until a business has discovered a agency footing. Finding Commercial Property Singapore takes a variety of time and effort but might be very rewarding in the long term.

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In 12 months 2013, c ommercial retails, shoebox residences and mass market properties continued to be the celebrities of the property market. Models are snapped up in report time and at document breaking prices. Builders are having fun with overwhelming demand and patrons need more. We feel that these segments of the property market are booming is a repercussion of the property cooling measures no.6 and no. 7. With additional buyer's stamp responsibility imposed on residential properties, buyers change their focus to commercial and industrial properties. I imagine every property purchasers need their property funding to understand in value.

In order to identify individuals having a serious disease in an early curable form, one may consider screening a large group of people. While the benefits are obvious, an argument against such screenings is the disturbance caused by false positive screening results: If a person not having the disease is incorrectly found to have it by the initial test, they will most likely be distressed, and even if they subsequently take a more careful test and are told they are well, their lives may still be affected negatively. If they undertake unnecessary treatment for the disease, they may be harmed by the treatment's side effects and costs.

The magnitude of this problem is best understood in terms of conditional probabilities.

Suppose 1% of the group suffer from the disease, and the rest are well. Choosing an individual at random,

Suppose that when the screening test is applied to a person not having the disease, there is a 1% chance of getting a false positive result (and hence 99% chance of getting a true negative result), i.e.

Finally, suppose that when the test is applied to a person having the disease, there is a 1% chance of a false negative result (and 99% chance of getting a true positive result), i.e.

Calculations

The fraction of individuals in the whole group who are well and test negative (true negative):

The fraction of individuals in the whole group who are ill and test positive (true positive):

The fraction of individuals in the whole group who have false positive results:

The fraction of individuals in the whole group who have false negative results:

Furthermore, the fraction of individuals in the whole group who test positive:

Finally, the probability that an individual actually has the disease, given that the test result is positive:

Conclusion

In this example, it should be easy to relate to the difference between the conditional probabilities P(positive | ill) which with the assumed probabilities is 99%, and P(ill | positive) which is 50%: the first is the probability that an individual who has the disease tests positive; the second is the probability that an individual who tests positive actually has the disease. Thus, it is to be expected that roughly the same number of individuals receive the benefits of early treatment as are distressed by false negatives; these positive and negative effects can then be considered in deciding whether to carry out the screening.

Notes

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References

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    In its statement, the singapore property listing - website link, government claimed that the majority citizens buying their first residence won't be hurt by the new measures. Some concessions can even be prolonged to chose teams of consumers, similar to married couples with a minimum of one Singaporean partner who are purchasing their second property so long as they intend to promote their first residential property. Lower the LTV limit on housing loans granted by monetary establishments regulated by MAS from 70% to 60% for property purchasers who are individuals with a number of outstanding housing loans on the time of the brand new housing purchase. Singapore Property Measures - 30 August 2010 The most popular seek for the number of bedrooms in Singapore is 4, followed by 2 and three. Lush Acres EC @ Sengkang

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    Extending the tax exemption would help. The exemption, which may be as a lot as $2 million per family, covers individuals who negotiate a principal reduction on their existing mortgage, sell their house short (i.e., for lower than the excellent loans), or take part in a foreclosure course of. An extension of theexemption would seem like a common-sense means to assist stabilize the housing market, but the political turmoil around the fiscal-cliff negotiations means widespread sense could not win out. Home Minority Chief Nancy Pelosi (D-Calif.) believes that the mortgage relief provision will be on the table during the grand-cut price talks, in response to communications director Nadeam Elshami. Buying or promoting of blue mild bulbs is unlawful.

    A vendor's stamp duty has been launched on industrial property for the primary time, at rates ranging from 5 per cent to 15 per cent. The Authorities might be trying to reassure the market that they aren't in opposition to foreigners and PRs investing in Singapore's property market. They imposed these measures because of extenuating components available in the market." The sale of new dual-key EC models will even be restricted to multi-generational households only. The models have two separate entrances, permitting grandparents, for example, to dwell separately. The vendor's stamp obligation takes effect right this moment and applies to industrial property and plots which might be offered inside three years of the date of buy. JLL named Best Performing Property Brand for second year running

    The data offered is for normal info purposes only and isn't supposed to be personalised investment or monetary advice. Motley Fool Singapore contributor Stanley Lim would not personal shares in any corporations talked about. Singapore private home costs increased by 1.eight% within the fourth quarter of 2012, up from 0.6% within the earlier quarter. Resale prices of government-built HDB residences which are usually bought by Singaporeans, elevated by 2.5%, quarter on quarter, the quickest acquire in five quarters. And industrial property, prices are actually double the levels of three years ago. No withholding tax in the event you sell your property. All your local information regarding vital HDB policies, condominium launches, land growth, commercial property and more

    There are various methods to go about discovering the precise property. Some local newspapers (together with the Straits Instances ) have categorised property sections and many local property brokers have websites. Now there are some specifics to consider when buying a 'new launch' rental. Intended use of the unit Every sale begins with 10 p.c low cost for finish of season sale; changes to 20 % discount storewide; follows by additional reduction of fiftyand ends with last discount of 70 % or extra. Typically there is even a warehouse sale or transferring out sale with huge mark-down of costs for stock clearance. Deborah Regulation from Expat Realtor shares her property market update, plus prime rental residences and houses at the moment available to lease Esparina EC @ Sengkang
  • Eddy, David M. (1982). Probabilistic reasoning in clinical medicine: Problems and opportunities. In D. Kahneman, P. Slovic and A. Tversky (Eds.) Judgment under uncertainty: Heuristics and biases (pp. 249–267). New York: Cambridge University Press.
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    My blog: http://www.primaboinca.com/view_profile.php?userid=5889534Template:Full
  • 20 year-old Real Estate Agent Rusty from Saint-Paul, has hobbies and interests which includes monopoly, property developers in singapore and poker. Will soon undertake a contiki trip that may include going to the Lower Valley of the Omo.

    My blog: http://www.primaboinca.com/view_profile.php?userid=5889534Template:Full

External links

zh:条件概率#条件概率谬论

  1. Plous (1993) pp. 131–134
  2. Villejoubert & Mandel (2002)
  3. Eddy (1982). Description simplified as in Plous, 1993.
  4. 4.0 4.1 Hastie & Dawes (2001) pp. 122–123
  5. see Template:Cite web