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Question: A bank has a test designed to establish the credit rating of a loan applicant. Of the persons, who default
(D), 90% fail the test (F). Of the persons, who will repay the bank (ND), 5%
fail the test. Furthermore, it is given that 4% of the population is not worthy of credit; i.e., P(D) = .04. Given that someone failed the test, what is the probability that he actually will default (When given a loan)?
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