Referring to the scenario in Question 5, what is the expected value of John’s monthly payments, in $, under the new plan?

This question relates to the Data Plan Example covered in Sessions 1 and 2. The “old plan” refers to the “Family Share” plan, and the “new plan” refers to the “Superior Share” plan. You can answer this question without using Excel. You should involve Excel only if you cannot answer this questions otherwise.

Referring to the scenario in Question 5, what is the expected value of John’s monthly payments, in $, under the new plan?