Question
A laboratory blood test is $99\%$ effective in detecting a certain disease when it is in fact, present. However, the test also yields a false positive result for $0.5\%$ of the healthy person tested $($i.e. if a healthy person is tested, then, with probability $0.005,$ the test will imply he has the disease$).$ If $0.1$ percent of the population actually has the disease, what is the probability that a person has the disease given that his test result is positive?