Build a Monte Carlo simulation model to show your out of pocket expenses for one year in this situation.

Analyze the results of the $1000$ iterations to find the following as a percentage of the $1000$ interations:

how often a claim was filed $($damage met cleductible$)$

how often you ended up buying a different car rather than repairing the current one

your expected out of pocket expense $($includes the premiums paid$).$