Cost Analysis

You are estimating the cost of a personnel shelter and you have collected cost data on 10 shelters. The mean cost was $18,549. The median cost is $19,106. There is a range in the cost of $10,055. The variance is $130,321. The standard deviation is $3,610. If you use the average cost of the shelters as your estimate, then, on average:

A. You could expect to be off by 7.03 %.

B. You could expect to be off by $1,854.90.

C. You could expect to be off by 19.46%.

D. You could expect to be off by $10,055.