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Suppose that, in evaluating the old and the new data plan for our consultant, we set-up a simulation with n=5 simulation runs and use Excel to generate the following random instances of her data usage, in GB: 14.6, 27.4, 19.6, 30.8 and 25.6. Calculate the corresponding 5 values of the monthly payments under the old plan. What is the sample mean, in $, of these payment values? Choose the closest answer from the choices below.
7. Question 7 You can answer this question using only the information provided below. You can also use the file DataPlan10.xlsx we created in Session 2 to answer the question….