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What is the positive predictive value of a test in which 220 tested individuals with positive test results actually have the disease and 45 tested individuals with positive test results do not have the disease?
Productive System
An arrangement of resources and processes that interact and transform inputs into valuable outputs, such as goods or services.
Just-In-Time (JIT)
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, delivering materials just when they are needed.
Customer Wants
Specific desires or requirements of consumers that businesses aim to meet with their products or services in order to satisfy and retain their clientele.
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