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A new machine used in the production of motor mount bolts was put into operation. Five samples of size 100 were randomly selected and the number of defectives in each sample was noted. What is the average percent defective?
Autarky Price
The price of a good or service in a closed economy that does not engage in trade with other economies.
Slope
A measure of how steep a line or curve is. The slope of a line is measured by “rise over run”—the change in the y-variable between two points on the line divided by the change in the x-variable between those same two points.
Absolute Value
The value of a number without regard to a plus or minus sign.
Horizontal Change
Alterations or movements that occur parallel to the x-axis in a coordinate system, often reflecting changes over time.
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