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Decaying Average not calculating

I have set the outcomes calculation in my course to Decaying Average. 

In my test student, I have submitted multiple times and given a different score for each submission based off a rubric/outcome. While I can see each previous iteration of the assignment and score, which is nice. The final score is still just the most recent score. 

I don't understand what is missing? Shouldn't it be calculated via the decaying average of the previous scores?

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