Determining the probability of fatal accident over lifetime

Reference no: EM1313520

Q1) Probability is 1 in 4,000,000 that single auto trip in United States will result in fatality. Over a lifetime, the average U.S. driver takes 50,000 trips.

(a) Determine the probability of fatal accident over lifetime? Describe your reasoning carefully. Suppose independent events. Why might the supposition of independence be violated?

(b) Why might driver be tempted not to make use of seat belt "just on this trip"?

Q2) Burger Bin fast-food restaurant sells mean of 24 burgers an hour and its burger sales are normally distributed. If hourly sales lies between 24 and 42 burgers 49.85% of time, the standard deviation is _______ burgers.

a) 3

b) 6

c) 9

d) 18

Q3) Find out the probability that Burger Bin will sell 12 to 18 burgers in one hour?

a) 0.136

b) 0.239

c) 0.342

d) 0.475

Reference no: EM1313520

Questions Cloud

Posting of journal entries to appropriate accounts : Posting of journal entries to appropriate accounts and prepare an unadjusted trial balance and Bill transferred $15000 from personal account into business account

Construct interval estimates for the population : Construct the 90% and 95% interval estimates for the population mean weekly sales.

Explain decision making on the basis of the net present : Explain decision making On the basis of the net present value criterion and annual expenses of feeding and housing the baboon would be $4,000

What is the car''s speed at the bottom of dip : A 65.0 kg human sprinter can accelerate from rest to 10 m/s in 2.90 s. all through the same interval, a 33 kg greyhound can accelerate from rest to 20 m/s. calculate (a) change in kinetic energy and (b) average power output for each.

Determining the probability of fatal accident over lifetime : Determine the probability of fatal accident over lifetime? Describe your reasoning carefully. Suppose independent events. Why might the supposition of independence be violated?

Set of affordable bundles : If the price of one good is four time the price of the other also the price of both double, Illustrate what effect does it have on the set of affordable bundles

How many kwh of electricity would have been consumed : Throughout three hours one winter afternoon, when outside temperature was 9° C, a house heated by electricity was kept at 21° C with the expenditure of 46kwh (kilowatt•hours) of electric energy.

Calculating the growth rate of output : What is the inflation rate in Home? In Foreign? What is the rate of change in the nominal exchange rate? Which currency is expected to appreciate? At what rate? Explain.

Determine the post fault currents between all buses : Determine the post fault currents between all buses and from the generators.

User Account

All Pages