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14. The Statewide Auto Insurance Company developed the following probability distribution for auto collision claims paid during the past year. Using the random number 0.3726,
14. The Statewide Auto Insurance Company developed the following probability distribution for auto collision claims paid during the past year. Using the random number 0.3726, 0.5839, 0.9999 and 0.0275, simulate the payments for 4 policyholders. What is the total amount paid to the policyholders? a) S0, b) $5000, c) $10,000, d) $15,000, e) none of the above Payments Probability $0 80 $5000 10 $10,000 .10 15. The number of machine breakdowns in a day is zero, one, or two, with probabilities 0.6, 0.3, and 0,1, respectively. The following random numbers have been generated: .13, .10,.02,.18, .31, .19, 32 85, .31, and .94. Use these numbers to generate the number of breakdowns for 10 consecutive days. gh s tho mumhernto ove03,0)4 vmany breakdowns will be experienced over the 10 days? a) 1, b) 2, c) 3, d) 4, e) none of the above
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