Question: solve using Spyder on python Problem (Monte Carlo Simulation using Python): a Statewide Auto Insurance believes that for every trip longer than 10 minutes that

solve using Spyder on python
Problem (Monte Carlo Simulation using Python): a Statewide Auto Insurance believes that for every trip longer than 10 minutes that a teenager drives, there is a 1 in 1,000 chance that the drive will result in an auto accident. Assume that the average cost of an accident is equally likely to be any value between $1000 and $9000. Construct a simulation model with 1000 simulation trials using Python to answer the following questions: If a teenager drives 500 trips longer than 10 minutes, what is the mean total cost resulting from the accidents? Provide a 95% confidence interval on this mean. Record your results using comments embedded within your code. aStep by Step Solution
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