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Of the 54 people who answered "yes" to a question, 12 were male. Of the 46 people that answered "no" to the question, 12 were male. If one person is selected at random from the group, what is the probability that the person answered "yes" or was male?
Supply Chain Management
The organization and oversight of a product's complete journey from raw materials to production and finally to the consumer.
Value Chain Management
An approach that focuses on maximising value creation and competitive advantage by effectively managing the flow of goods, information, and collaboration across all the business processes and functions.
Total Quality Management
A comprehensive approach to long-term success that views continuous improvement in all aspects of an organization's operations as a process and not as a short-term goal.
Governmental Regulatory Agencies
Official organizations responsible for creating and enforcing rules and regulations to protect public interest in various sectors such as finance, health, and the environment.
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