Online Course Support | Operations Analytics

Suppose that we set-up a simulation with n=5 simulation runs and used a different random seed to generate another 5 random instances of our consultant family’s data usage, in GB: 14.0, 21.7, 26.1, 22.1, 28.6. Calculate the corresponding 5 values of the monthly payments under the old plan. What is the sample standard deviation, in $, of these payment values? Choose the closest answer from the choices below.

 

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