Final answer:
Simulation methods that could be used to model the different types of payment include a spinner with 5 equal sections and a set of 75 chips in which 15 chips are black and the remainder are red.
Step-by-step explanation:
To simulate the different types of payment, the shop owner can use the following simulation methods:
- A spinner with 5 equal sections (C): The spinner can have 1 section for cash and 4 sections for credit card, representing the 20% cash payment and 80% credit card payment.
- A set of 75 chips in which 15 chips are black and the remainder are red (E): The black chips can represent the cash payments, while the red chips can represent the credit card payments.