Question: Question type: Monte Carlo Simulation Phantom Controls monitors and repairs control circuit boxes on elevators installed in multistory buildings in downtown Chicago. The company has

 Question type: Monte Carlo Simulation Phantom Controls monitors and repairs control

Question type: Monte Carlo Simulation Phantom Controls monitors and repairs control circuit boxes on elevators installed in multistory buildings in downtown Chicago. The company has the contract for 108 buildings. When a box malfunctions, Phantom installs a new one and rebuilds the failed unit in its repair facility in Gary, Indiana. The data for failed boxes over the last 2 years is shown in the following table: Simulate 2 years ( 24 months) of operation for Phantom and determine the average number of failed boxes per month from the simulation. (solve using only the random numbers given). \begin{tabular}{|r|r|} \hline Number of Failed Boxes & Probability \\ \hline 0 & 0.2 \\ \hline 1 & 0.1 \\ \hline 2 & 0.25 \\ \hline 3 & 0.15 \\ \hline 4 & 0.18 \\ \hline 5 & 0.12 \\ \hline \end{tabular}

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