Over the last few months, Ithaca Precision Instruments (IPI) obtained the following measurements on a key quality characteristic of its product: ed Observed Quality Characteristic 0.46 0.47 0.48 0.49 0.49 0.51 0.52 0.53 0.54 Probability 0.04 0.10 0.12 0.15 0.28 0.15 0.12 0.03 0.01 The company's experience has been that a customer will reject a product that deviates from the target quality characteristic of 0.50 by more than 0.040. Each rejection costs the firm an estimated $5.90. Determine the expected total quality loss of the observed quality characteristic for IPI. (Round intermediate and final answer of to 4 decimal places.) Multiple Choice $28.7057 $205.6693 $75.5807. $99.0182 $1.2943