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This is a sample equation. How would I compute this problem on Excel?
This is a sample equation. How would I compute this problem on Excel? I just need someone to show me how to format the numbers in order to sum the problem. Thank you.
"A large research hospital has accumulated statistical data on its patients for an extended period. Researchers have determined that patients who are smokers have an 18% chance of contracting a serious illness such as heart disease, cancer, or emphysema, whereas there is only a .06 probability that a nonsmoker will contract a serious illness. From hospital records, the researchers know that 23% of all hospital patients are smokers, while 77% are nonsmokers. For planning purposes, the hospital physician staff would like to know the probability that a given patient is a smoker if the patient has a serious illness."