Final answer:
The value 0.0635 represents the sales tax rate in the given function.
Step-by-step explanation:
The value 0.0635 represents the sales tax rate in the given function. In this function, the sales tax is calculated by multiplying the price of the item (represented by the variable p) with the sales tax rate (0.0635).
For example, if the price of an item is $100, the sales tax would be 0.0635 x 100 = $6.35.
Therefore, the value 0.0635 represents the rate at which the sales tax is calculated based on the price of the item.
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