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The target value for a watch is to lose no time over a year. A sample...

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Statistics

The target value for a watch is to lose no time over a year. Asample of 4 watches had the following time gained (lost) inminutes: (-1, -2, 3, -3). Assume k = $4. Calculate thefollowing:

Round your answers to two decimal places.

Average squared deviation:

Average loss per watch:

Total expected loss for 8,000 watches produced and sold: $

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