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Each unit of a product requires eight components. The average number of components is 8.25 due to component failure. Purchasing higher quality components can reduce the average number of components to four per unit. The cost per component is $500. What is the reduction in failure costs per unit due to purchasing higher quality components?
Discrimination
Involves unfair or prejudicial treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.
Health Inequity
Health inequity refers to unfair and avoidable differences in health status seen within and between different populations.
Systematic Disparities
Structural inequalities entrenched in societal systems that lead to unequal outcomes for different groups based on race, economic status, or other characteristics.
Poverty
A socioeconomic condition characterized by a severe lack of financial resources and access to basic needs.
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