Examlex
Write the claim that is suggested by the given statement, then write a conclusion about the claim. Do not use
symbolic expressions or formal procedures; use common sense.
Last year an appliance manufacturer received many complaints about the high rate of defects among its
washing machines. Approximately 9% of the machines were defective in some way. This year the company
tightened up its quality control procedures. The latest shipment of 250 washing machines contained 2 defective
units.
Price Elasticity
Quantifying the relationship between price changes and demand response for a product.
Total Expenditures
The sum amount of spending on goods and services by individuals, businesses, or the government within a specific period.
Flash Floods
Rapid flooding of geomorphologic low-lying areas, caused by heavy rain or other sudden water release.
Total Expenditures
The sum amount of all spending or expenses incurred by an individual or entity within a specific period.
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