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Given the following information,compute the efficiency of the system. Actual capacity = 50 units per day
Design capacity = 100 units per day
Actual output = 30 units per day
Probability
A measure that quantifies the likelihood that an event will occur, expressed as a number between 0 and 1.
Joint Frequency Distribution
A statistical tool that shows how often pairs of variables occur together in a given dataset.
Contingency Table
A type of table in a matrix format that displays the (multivariate) frequency distribution of the variables.
Retired People
Individuals who have concluded their working or professional careers and are living in the phase of life beyond employment.
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