Answer
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Step 1I'll solve this conversion problem step by step, following the specified LaTeX formatting guidelines:
Step 2: Understand the Conversion Relationship
1 \text{ lb} = 16 \text{ oz}
To convert ounces (oz) to pounds (lbs), we need to know the conversion factor:
Final Answer
14 oz is equal to 0.875 \text{ lb} or \frac{7}{8} \text{ lb}.
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