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The Taguchi Loss Function is an equation used to quantify the financial loss incurred due to deviations in product quality from the target value. Assume

The Taguchi Loss Function is an equation used to quantify the financial loss incurred due to deviations in product quality from the target value.

Assume that the cost of a rework for a manufactured part is $85 per hour. The part has to be made to the following dimensions: 195 +/- 0.04mm. What is the cost if the average part size is 195.02mm?

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