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An intraocular lens manufacturing is in the qualification process of a polishing machine. The grinder will be qualified only if the percentage of polished lenses that contain surface defects does not exceed 1.5%. A sample of 350 lenses and found 5 lenses with surface defects. Formulate an appropriate test for the qualification of the polishing machine using an α = 0.05.

Microeconomics, Economics

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