Business, 15.11.2019 18:31 miyarose1010

Your insurance company has converged for three types of cars. the annual cost for each type of cars can be modeled using gaussian (normal) distribution, with the following parameters: (discussions allowed! ) car type 1 mean=$520 and standard deviation=$110 car type 2 mean=$720 and standard deviation=$170 car type 3 mean=$470 and standard deviation=$80 use random number generator and simulate 1000 long columns, for each of the three cases. example: for the car type 1, use number of variables=1, number of random numbers=1000, distribution=normal, mean=520 and standard deviation=110, and leave random seed empty. next: use either sorting to construct the appropriate histogram or rule of thumb to answer the questions:

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Your insurance company has converged for three types of cars. the annual cost for each type of cars...

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