claims paid during the past year...
Payment 0, 500, 1000,
2000, 5000, 8000, 10,000.
Probability .83, .06, .05, .02, .02, .01, .01
a. set up intervals of random numbers that can be used to generate automobile collision claim payments
b. using the numbers (.9850, .2122, .5590, .0004, .5177, .0064, .2044, .2390, .7305, .6351, .4971, .9569, .1091, .9907, .1900, .9403, .3545, .8083, .4704, .5274. )simulate payments for 20 policyholders. How many claims are paid and what is the total amount paid to the policyholders
2007-02-25
08:21:58
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3 answers
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asked by
Anonymous