Consider the pmf given in Exercise 29 for the random variable Y = the number of moving violations for which the a randomly selected insured individual was cited during the last 3 years. Write a program to simulate this random variable, then use your simulation to estimate E(Y) and SD(Y). How do these compare to the exact values of E(Y) and SD(Y)?

Data From Exercise 29

An individual who has automobile insurance from a company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is

Transcribed Image Text:

y 0 1 p(y) .60 .25 2 .10 3 .05