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1An arithmetical multiplier for converting a quantity expressed in one set of units into an equivalent expressed in another.
‘The height of a pile of corn 60.8 feet in diameter can be estimated by multiplying the diameter by the height conversion factor from Table 1.’
‘The rule contains an updated conversion factor for 2002 of $36.19, which is 5.4 percent lower than the current conversion factor.’
‘The credit conversion factor will be 100 per cent.’
‘What is the equivalent speed in mph using the conversion factor of 1.6093 km per mile?’
‘Where results were published per unit of wet tissue weight, we applied a conversion factor of 6.0.’
2Economics The manufacturing cost of a product relative to the cost of raw materials.
‘We've got to optimize the conversion factor from design to the final product.’
‘If the same conversion factor is still applied but the time unit interval is reduced (e.g., to 12 minutes), then the group can increase both billings and revenue for all cases.’
‘Conversion factors can be calculated and used when testing the economic viability of a project.’