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Taguchi Loss Function Lanman, Inc, estimates its hidden external failure costs using the Taguchi loss...

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Taguchi Loss Function Lanman, Inc, estimates its hidden external failure costs using the Taguchi loss function. Lanman produces plastic sheets that vary in thickness and grade. For one of its large-volume products, it was determined that k=$32,000 and T=0.29 inches in diameter. A sample of four units produced the follawing values: \begin{tabular}{cc} No. & (y) \\ \hline 1 & 0.29 \\ 2. & 0.31 \\ 3 & 0.26 \\ 4 & 0.28 \end{tabular} Required 1. Calculate the average loss per unit. Round your intermediate calculations to six decimal places. If required, round your answer to the nearest cent and use the same in subsequent requirements. per unat 2. Aswming that 140,000 units were produced, what is the total hidden cost? 3. Assume that the muitiplier for Lonman's hidden estemal faliure conts is five. What ore the meacured external costs

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