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The following annual maintenance and operation (M&O) costs for a piece of equipment were collected over a 5 year period: $12,000, $8900, $9200, 11,300 and
The following annual maintenance and operation (M&O) costs for a piece of equipment were collected over a 5 year period: $12,000, $8900, $9200, 11,300 and $12,100 . The average is $10,700. In conducting a sensitivity analysis, what is the most reasonable range of costs to use (i.e., percent from the average)?
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