This document discusses predictive value, likelihood ratios, and how to calculate and apply them. Predictive value reflects a test's diagnostic power and depends on sensitivity, specificity, and disease prevalence. The positive predictive value is the probability a positive test truly has the disease, while the negative predictive value is the probability a negative test truly doesn't have the disease. Likelihood ratios compare true positives and negatives to false ones to determine if a test result changes the probability a disease is present.