I just need help with the last question "Explain what "L" means, and HOW THIS INFORMATION can be used? Please answer for both the question since it's related. Thank you

It costs $50 to repair a component in a VCR Compute the QLF for losses incurred as a result of a deviation from a target setting with a nominal tolerance of 10 +0.25mm required The mean squared deviation is 1/2 Show your work or use formulas Formula 13.2 (page 359) K=C/T - $50 C - Cost to repair 0.25 T - Tolerance + 800 K Formula 13.2 (page 359) L=K*y? v (mean squared deviation from desired value) 0.5 note: do not square this (it's already squared) $400 L($loss per unit) Explain what "L" means, and how this information can be used "L" means the economic penalty incurred by the customer as a result of the product quality deviation. Discussion Question It costs $350 to repair a refrigerator compressor Compute the QLF for losses incurred as a result of a deviation from a target setting with a nominal tolerance of 60 amps, where 2-amp variation is acceptable The mean squared deviation is 1/5 Show your work or use formulas Formula 13.2 (page 359) K=1? $350 C - Cost to repair 2 T - Tolerance 875 Formula 13 2 (page 359) LEK-V (mean squared deviation from desired value) 0.2 note do not square this (it's already squored) 175 LIS loss per unit) Explain what "L" means, and how this information can be used This information can be used to analyse now the loss occurred and prevent it from happening in the future