In an experiment to determine the acceleration due to gravity g, the formula used for the time period of a periodic motion is T=2π7(R−r)/(5g). The values of R and r are measured to be (60±1)mm and (10±1)mm, respectively. In five successive measurements, the time period is found to be 0.52 s, 0.56 s, 0.57 s, 0.54 s and 0.59 s. The least count of the watch used for the measurement of time period is 0.01 s. Which of the following statement(s) is(are) true?