Final answer:
To determine the conclusion regarding the claim that the population of all watches has a mean error of 0 seconds, we need to conduct a hypothesis test. The correct conclusion is: Fail to reject the null hypothesis; there is not enough evidence to support the claim that the mean error is not 0 sec.
Step-by-step explanation:
To determine the conclusion regarding the claim that the population of all watches has a mean error of 0 seconds, we need to conduct a hypothesis test.
The null hypothesis (H0) is that the mean error is 0 seconds. The alternative hypothesis (Ha) is that the mean error is not 0 seconds.
Based on the given information, we can calculate the test statistic and find the p-value.
Since the p-value is greater than the significance level of 0.01, we fail to reject the null hypothesis. Therefore, the correct conclusion is: Fail to reject the null hypothesis; there is not enough evidence to support the claim that the mean error is not 0 sec.