Descriptive Statisticshard
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In a weighted least squares optimization, we wish to find a constant cc^* that minimizes the weighted sum of squared deviations: f(c)=i=1nwi(xic)2f(c) = \sum_{i=1}^n w_i (x_i - c)^2, where wi>0w_i > 0. Identify the statistic cc^* represents and compute its value for the dataset X={10,20,30}X = \{10, 20, 30\} with weights W={1,2,3}W = \{1, 2, 3\}.