Question
The target value for a watch is to lose no time over a year. A sample of 4 watches had the following time gained (lost)
The target value for a watch is to lose no time over a year. A sample of 4 watches had the following time gained (lost) in minutes: (-1, -2, 3, -3). Assume k = $4. Calculate the following:
Average squared deviation:
The average loss per watch:
The total expected loss for 8,000 watches produced and sold:
Round your answers to two decimal places.
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Probability And Statistics For Engineers And Scientists
Authors: Anthony Hayter
3rd Edition
495107573, 978-0495107576
