GM Simulation

8/4/2019 GM Simulation

http://slidepdf.com/reader/full/gm-simulation 1/11

General Manufacturing Corp

%age employees Type of Claim Lower Limit

40 N 0

40 S 0.4

20 L 0.8

Min $0.00 Min $2,000.00

Max $2,000.00 Max $20,000.00

Case a)

Random Number Type of Claim Filed

0.4071 Small

0.5228 Small

0.8185 Large

0.5802 Small

0.0193 No

Random Number Type of Claim Filed Amount Filed

0.9823 Large 19681.4 Average Claim Filed

0.0188 No 0

0.8771 Large 17787.8

0.9872 Large 19769.6

0.4129 Small 825.8

Case b)

Trials Random Number Type of Claim Filed Amount Filed

1 0.8671 Large 17607.05661

2 0.3164 No 0 Average Claim Filed

3 0.8311 Large 16959.19031

4 0.5895 Small 1178.913439 Note: The Random Nu

5 0.5020 Small 1003.980443

6 0.2731 No 0

7 0.0479 No 0

8 0.0104 No 0

9 0.7532 Small 1506.433475

10 0.6488 Small 1297.664275

11 0.6849 Small 1369.867857

12 0.8709 Large 17676.94611

13 0.9064 Large 18314.81411

14 0.2381 No 0

15 0.4386 Small 877.1824721

Small Claims Uniform Distribution Large Claims Uniform Distri



16 0.8503 Large 17304.8449

17 0.4272 Small 854.474589

18 0.9736 Large 19524.01105

19 0.0345 No 0

20 0.5560 Small 1111.91327

21 0.0505 No 0

22 0.5340 Small 1067.9585723 0.0409 No 0

24 0.6968 Small 1393.500266

25 0.1242 No 0

26 0.4954 Small 990.7228853

27 0.6948 Small 1389.550346

28 0.2029 No 0

29 0.4606 Small 921.209501

30 0.2517 No 0

31 0.1559 No 0

32 0.7954 Small 1590.778501

33 0.0698 No 0

34 0.0536 No 0

35 0.4672 Small 934.4609375

36 0.4271 Small 854.245035

37 0.8692 Large 17646.14436

38 0.9135 Large 18442.20582

39 0.4632 Small 926.3574284

40 0.9221 Large 18597.34406

41 0.6649 Small 1329.878572

42 0.4960 Small 991.9038271

43 0.4231 Small 846.141744844 0.3572 No 0

45 0.0102 No 0

46 0.2737 No 0

47 0.0770 No 0

48 0.6100 Small 1220.052916

49 0.6245 Small 1249.021933

50 0.2921 No 0

51 0.2842 No 0

52 0.2326 No 0

53 0.1884 No 0

54 0.6027 Small 1205.43171755 0.1862 No 0

56 0.6104 Small 1220.751197

57 0.4352 Small 870.4616534

58 0.0887 No 0

59 0.4547 Small 909.3917075

60 0.3815 No 0

61 0.3214 No 0

62 0.3380 No 0



63 0.9201 Large 18561.26071

64 0.0543 No 0

65 0.8225 Large 16804.68162

66 0.9314 Large 18766.06674

67 0.7248 Small 1449.546666

68 0.4015 Small 803.0112377

69 0.1591 No 070 0.5641 Small 1128.150099

71 0.3943 No 0

72 0.7631 Small 1526.242381

73 0.6339 Small 1267.79923

74 0.9627 Large 19328.69287

75 0.5634 Small 1126.863314

76 0.0352 No 0

77 0.1464 No 0

78 0.5921 Small 1184.150297

79 0.0876 No 0

80 0.1018 No 0

81 0.9508 Large 19114.34561

82 0.9300 Large 18740.67318

83 0.7925 Small 1584.910382

84 0.0220 No 0

85 0.0118 No 0

86 0.8173 Large 16712.27918

87 0.1865 No 0

88 0.4214 Small 842.7081409

89 0.5061 Small 1012.260705

90 0.4121 Small 824.162420591 0.8092 Large 16565.82732

92 0.1377 No 0

93 0.4190 Small 838.0099512

94 0.4775 Small 955.0449562

95 0.0966 No 0

96 0.1098 No 0

97 0.8840 Large 17911.92972

98 0.2004 No 0

99 0.6553 Small 1310.564656

100 0.5241 Small 1048.155238

101 0.7540 Small 1507.96245102 0.4721 Small 944.2156072

103 0.0900 No 0

104 0.4175 Small 835.0301646

105 0.6049 Small 1209.873434

106 0.3678 No 0

107 0.1339 No 0

108 0.1531 No 0

109 0.4016 Small 803.2283576



110 0.6518 Small 1303.616278

111 0.9967 Large 19941.16174

112 0.0889 No 0

113 0.6066 Small 1213.169513

114 0.1768 No 0

115 0.1241 No 0

116 0.6489 Small 1297.751611117 0.9707 Large 19471.92226

118 0.5879 Small 1175.853684

119 0.6361 Small 1272.132926

120 0.7003 Small 1400.643102

121 0.0457 No 0

122 0.3431 No 0

123 0.3245 No 0

124 0.2403 No 0

125 0.3865 No 0

126 0.6128 Small 1225.667551

127 0.7155 Small 1430.940364

128 0.6272 Small 1254.457891

129 0.3370 No 0

130 0.3838 No 0

131 0.4195 Small 838.9023318

132 0.0893 No 0

133 0.4773 Small 954.5272723

134 0.5533 Small 1106.587283

135 0.9819 Large 19673.54535

136 0.7013 Small 1402.596724

137 0.6892 Small 1378.371904138 0.6873 Small 1374.63558

139 0.8630 Large 17534.04438

140 0.4870 Small 974.0777019

141 0.2021 No 0

142 0.0783 No 0

143 0.3121 No 0

144 0.5282 Small 1056.349619

145 0.2287 No 0

146 0.2344 No 0

147 0.7866 Small 1573.181091

148 0.6046 Small 1209.169838149 0.6381 Small 1276.141957

150 0.4137 Small 827.4092878

151 0.9447 Large 19004.74234

152 0.0130 No 0

153 0.6790 Small 1358.056716

154 0.0475 No 0

155 0.4913 Small 982.6325876

156 0.1716 No 0



157 0.3797 No 0

158 0.5350 Small 1069.978411

159 0.6570 Small 1314.041407

160 0.1834 No 0

161 0.1198 No 0

162 0.1447 No 0

163 0.4155 Small 830.9101184164 0.7631 Small 1526.291615

165 0.9264 Large 18675.66755

166 0.9167 Large 18501.34045

167 0.0656 No 0

168 0.6126 Small 1225.274138

169 0.1650 No 0

170 0.4143 Small 828.674401

171 0.4351 Small 870.2201712

172 0.3289 No 0

173 0.8250 Large 16849.38237

174 0.9204 Large 18567.56832

175 0.9962 Large 19930.78899

176 0.4393 Small 878.5808996

177 0.9128 Large 18430.2012

178 0.6970 Small 1394.065202

179 0.5145 Small 1028.999489

180 0.6535 Small 1307.08145

181 0.4609 Small 921.702018

182 0.5271 Small 1054.246434

183 0.4542 Small 908.3483446

184 0.3740 No 0185 0.6663 Small 1332.610098

186 0.5817 Small 1163.443916

187 0.7682 Small 1536.358413

188 0.3245 No 0

189 0.4374 Small 874.7306154

190 0.6511 Small 1302.123568

191 0.5328 Small 1065.627503

192 0.6022 Small 1204.447613

193 0.2006 No 0

194 0.4577 Small 915.4904303

195 0.6988 Small 1397.690999196 0.6878 Small 1375.670394

197 0.1219 No 0

198 0.6469 Small 1293.742899

199 0.5715 Small 1142.926325

200 0.5442 Small 1088.326288

201 0.7714 Small 1542.732096

202 0.0828 No 0

203 0.2050 No 0



204 0.6488 Small 1297.506114

205 0.7955 Small 1590.94841

206 0.5982 Small 1196.477806

207 0.1299 No 0

208 0.1511 No 0

209 0.2887 No 0

210 0.4100 Small 820.0626793211 0.9791 Large 19623.01327

212 0.4849 Small 969.824578

213 0.1020 No 0

214 0.6295 Small 1258.901372

215 0.0515 No 0

216 0.4306 Small 861.1347874

217 0.7069 Small 1413.857524

218 0.3319 No 0

219 0.5128 Small 1025.64578

220 0.5891 Small 1178.179378

221 0.3858 No 0

222 0.0741 No 0

223 0.3718 No 0

224 0.6393 Small 1278.644523

225 0.6554 Small 1310.793616

226 0.0224 No 0

227 0.5996 Small 1199.288602

228 0.1889 No 0

229 0.7573 Small 1514.655571

230 0.5206 Small 1041.154489

231 0.2144 No 0232 0.2671 No 0

233 0.9668 Large 19402.45496

234 0.5376 Small 1075.273202

235 0.7622 Small 1524.363611

236 0.9118 Large 18411.60985

237 0.4254 Small 850.7582948

238 0.3508 No 0

239 0.4496 Small 899.1275368

240 0.8086 Large 16553.94335

241 0.1628 No 0

242 0.0522 No 0243 0.7931 Small 1586.129807

244 0.8825 Large 17885.86928

245 0.1373 No 0

246 0.1290 No 0

247 0.3630 No 0

248 0.2527 No 0

249 0.1801 No 0

250 0.4294 Small 858.8580488



251 0.8077 Large 16537.78996

252 0.1529 No 0

253 0.2723 No 0

254 0.3969 No 0

255 0.0806 No 0

256 0.7693 Small 1538.516887

257 0.6809 Small 1361.837446258 0.0471 No 0

259 0.4170 Small 833.9122158

260 0.5010 Small 1002.000795

261 0.1834 No 0

262 0.5119 Small 1023.841674

263 0.9539 Large 19170.52918

264 0.3566 No 0

265 0.8383 Large 17089.54209

266 0.1267 No 0

267 0.3550 No 0

268 0.7176 Small 1435.200253

269 0.2284 No 0

270 0.7313 Small 1462.540893

271 0.1366 No 0

272 0.1912 No 0

273 0.9829 Large 19693.08203

274 0.1188 No 0

275 0.2430 No 0

276 0.5318 Small 1063.650228

277 0.5077 Small 1015.394941

278 0.1283 No 0279 0.6912 Small 1382.380382

280 0.7771 Small 1554.273843

281 0.5036 Small 1007.222741

282 0.0659 No 0

283 0.7725 Small 1545.033274

284 0.5929 Small 1185.768385

285 0.8414 Large 17144.54661

286 0.4970 Small 993.994974

287 0.3082 No 0

288 0.0611 No 0

289 0.5718 Small 1143.52898290 0.2960 No 0

291 0.1679 No 0

292 0.5407 Small 1081.459062

293 0.5202 Small 1040.441005

294 0.2489 No 0

295 0.3981 No 0

296 0.2992 No 0

297 0.5874 Small 1174.88895



298 0.3935 No 0

299 0.4539 Small 907.7337332

300 0.1581 No 0



Upper Limit Value

0.4 No

0.8 Small

1 Large

$11,612.92

$2,909.24

bers since keep changing were created and then only their values were pasted

bution



Case c)

True Mean $2,600.00

Average Claim Filed from Case a) $11,612.92

Average Claim Filed from Case b) $2,909.24

The above analysis suggests that higher the trials for simulation closer is the output to the true mean.

This can be noted from the values of Average Claims filed in case a & b respectively, when we take 300 tria



ls in case b the average is closer to the true mean

Documents

GM Simulation