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1.8% of a population is infected with a certain disease.There is a test for the disease; however,the test is not completely accurate.94.2% of those who have the disease will test positive.However 4.8% of those who do not have the disease will also test positive (false positives) .What is the probability that a person who tests positive actually has the disease?
Payments
Transactions involving the transfer of money or valuables in exchange for goods, services, or to fulfill obligations.
Cost Reimbursable Contract
A type of contract where the purchaser agrees to pay the supplier for actual costs incurred plus a fee or profit.
Fixed Fee
A pre-determined and agreed-upon total charge for a specific service or project, not subject to change based on the amount of time or resources used.
Critical To Project
Elements or factors that are essential for the successful completion of a project, without which the project cannot proceed or succeed.
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