Statistics Help
Question: 5. Susan is conducting a Monte Carlo simulation to finalize her implementation cost estimate.
Based on her past experience, she knows that:
20% of the times, she incurred $100,000 to implement a similar system
30% of the times, she incurred $140,000 to implement a similar system
40% of the times, she incurred $120,000 to implement a similar system
10% of the times, she incurred $90,000 to implement a similar system.
She generated the following random numbers: 41, 78, 91. What would be the corresponding costs for the random numbers generated?
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