Recently I met task to compute precision from sensitivity, specificity and prevalence. There is nice formula about that.
So, first of all our conditions:
Then several steps to get a formula:
So, say, we have sensitivity of the test 99,8%, specificity 98% and a prevalence of population 2% (2% are ill). Then Precision (positive predictive value, the probability the test is positive) is 9%:
Precision from sensitivity, specificity and prevalence
How to compute precision from sensitivity, specificity and prevalence