Many cities regulate the number of taxi licenses, and there is a great deal of competition for
Question:
a. An individual who wishes to be an independent driver has put in a request for a single license. Use simulation to approximate the probability that the request will be granted. Perform at least 20 simulated lotteries (more is better!).
b. Do you think that this is a fair way of distributing licenses? Can you propose an alternative procedure for distribution?
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Related Book For
Statistics The Exploration & Analysis Of Data
ISBN: 9780840058010
7th Edition
Authors: Roxy Peck, Jay L. Devore
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