The statewide auto insurance company developed the following probability distribution for automobile collision

Answers:15   |   LastUpdateAt:2018-06-15 02:05:05  

Question
armadillo
Asked at 2012-07-23 22:53:07
claims paid during the last year ...

Payment of 0, 500 , 1000 ,
2000, 5000 , 8000, 10,000.

Probability .83 , .06 , .05 , .02 , .02 , .01 , .01
a . setting intervals of random numbers that can be used to generate compensation payments
car collision b. using the numbers ( 0.9850 , 0.2122 , 0.5590 , 0.0004 , 0.5177 , 0.0064 , 0.2044 , 0.2390 , 0.7305 , 0.6351 , 0.4971 , 0, 9569, 0.1091 , 0.9907 , 0.1900 ,. 9403, .3545 , .8083 , .4704 , .5274 ). simulation for 20 insured payments . How many resources are paid and what is the total amount paid to policyholders
Answer1 Answered at 2018-06-15 02:05:05

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Answer2 Answered at 2018-06-14 23:45:04

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  • Answer This Question:The statewide auto insurance company developed the following probability distribution for automobile collision