hard · GMAT Quant

A medical diagnostic test for a rare condition has a 98% accuracy rate, meaning it correctly identifies the condition in 98% of those who have it and correctly clears 98% of those who do not. 1% of the population actually has the condition, and a randomly selected individual tests positive.

Approximately what is the probability that the individual actually has the condition?

  1. 50%
  2. 1%
  3. 33%
  4. 98%
  5. 2%

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