Lets say that A is the probability of catching the deadly disease .

Thats 1 out of 100,

or in other words, 1%. We can write that as 0.01 for convenience.
Lets also say that B is the probability that the test results came back positive. This is
a little more complicated to calculate, but well come back to it.
We know the probability of B given A given that one actually have the disease, the
probability of a positive test is 99%, or 0.99.
What you really want to know is the probability of A given B the probability that
you actually have the disease, given a positive test result.
Heres what Bayes rule says (read | as given):
P(A|B) = ( P(B|A) * P(A) ) / P(B)
Lets fill this out with some numbers. P(A), the probability of having the disease, is
0.01. P(B|A), the probability of a positive test result given that you have the disease, is
0.99. That gives us:
P(A|B) = ( 0.99 * 0.01 ) / P(B)
What we need to know is P(B), the overall probability of a positive test result.
To figure this out, lets break it down into cases.
There are two cases to consider:
a) the probability that you have a positive test result if youre one of the people
who has the disease,
b) plus the probability that you have a positive test result if youre not one of the
people who has the disease.
Here are those two cases:
1% of people actually have the disease, and 99% of those will test positive. That gives
us:
0.01 * 0.99 = 0.0099
99% of people do not have the disease, and 1% of those will test positive. That gives
us:
0.99 * 0.01= 0.0099
Adding up these terms, we get an overall P(A) of:
0.0099 + 0.0099 = 0.0198, or 1.98%
Now, put that term into our equation:
P(A|B) = ( 0.99 * 0.01 ) / P(B)
P(A|B) = ( 0.99 * 0.01 ) / 0.0198
P(A|B) = ( 0.0099 ) / 0.0198
P(A|B) = 0.5, or about 50%