Question: Define a sampling model for simulating the total profit over 1,000 loans with probability of claim p_loss = .015, loss of -$150,000 on a claim,

Define a sampling model for simulating the total profit over 1,000 loans with probability of claim p_loss = .015, loss of -$150,000 on a claim, and profit of $1, 150 when there is no claim. Set the seed to 25, then run the model once. (IMPORTANT! If you use R 3.6 or later, you will need to use the command set . seed (x, sample. kind = "Rounding") instead of set. seed (x) . Your R version will be printed at the top of the Console window when you start RStudio.) What is the reported profit (or loss) in millions (that is, divided by 106)? 000417 incorrect 000417 Submit You have used 3 of 10 attemptsSome problems have options such as save, reset, hints, or show answer. These options follow the Submit button. SaveSave Your
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