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Big Bills McGee Carries No Paper Money Less Than $10

Question 53

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Big Bills McGee carries no paper money less than $10 in his wallet,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. Big Bills McGee carries no paper money less than $10 in his wallet,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...

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