Essay
Big Bills McGee does not carry any paper money in his wallet that has a denomination less than $10, preferring to have a ready supply of $10, $20, $50, and $100 denominations at all times. He is concerned about pickpockets and has an amusing anecdote about thwarting a pickpocket on the Athens subway he likes to tell. His business associate conducts a Monte Carlo simulation for Big Bills using POM for Windows software and prints out the results copied below. Using this output, provide your interpretation for Big Bills pickpocket scenario.
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The four denominations of bills are show...View Answer
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