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As part of the work to perform a Monte Carlo simulation the following information about the unit variable operating costs that will be generated by
As part of the work to perform a Monte Carlo simulation the following information about the unit variable operating costs that will be generated by a project is as follows:
Expected unit variable operating costs: $200
95% confidence interval forecast of unit variable operating costs: $170 to $230
If the above unit sales are distributed normally, compute the approximate standard deviation for unit variable operating costs.
Group of answer choices
$7.50
$30.00
$15.00
$60.00
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