Is this justified by the data

Assignment Help Microeconomics
Reference no: EM131009193

The article "Using Conditional Probability to Find Driver Age Effect in Crashes" (M. Abdel-Aty, C. Chen, and A. Radwan, Journal of Transportation Engineering, 1999:502-507) presents a tabulation of types of car crashes by the age of the driver over a three-year period in Florida. Out of a total of 82,486 accidents involving drivers aged 15-24 years, 4243, or 5.1%, occurred in a driveway. Out of a total of 219,170 accidents involving drivers aged 25-64 years, 10,701 of them, or 4.9%, occurred in a driveway.

a. Can you conclude that accidents involving drivers aged 15-24 are more likely to occur in driveways than accidents involving drivers aged 25-64?

b. Someone suggests that since accidents involving younger drivers are more likely to occur in drive- ways, young drivers should be required to take a special course in driveway driving. Is this justified by the data? Explain.

Reference no: EM131009193

Questions Cloud

Wilson company''s managers investigate departures : Wilson Company's managers investigate departures from the budget that appear to be significant. What principle is being followed? A.Small amounts do not matter B.Incremental analysis
Directly to work in process : Which of the following is added directly to work in process?
Is this a one-tailed or two-tailed test : The following MINITAB output presents the results of a hypothesis test for the difference p1 - p2 between two population proportions. Is this a one-tailed or two-tailed test? What is the null hypothesis?
Journalize the entries to record the following transactions : On January 1, 2016, Hebron Company issued a $175,000, five-year, 8% installment note to Ventsam Bank. The note requires annual payments of $43,830, beginning on December 31, 2016. Journalize the entries to record the following transactions. Be sure t..
Is this justified by the data : Out of a total of 82,486 accidents involving drivers aged 15-24 years, 4243, or 5.1%, occurred in a driveway. Out of a total of 219,170 accidents involving drivers aged 25-64 years, 10,701 of them, or 4.9%, occurred in a driveway.Can you conclude ..
Explaining the importance of positive employee relations : Write a 350- to 700-word memo to your employees explaining the importance of positive employee relations
Major damage in the united states : A hurricane bond pays the holder a face amount, say +1 million, if a hurricane causes major damage in the United States. Suppose that the chance for such a storm is 5% per year.
Can conclude that proportion of cars whose emissions exceed : In a random sample of 77 cars driven at a higher elevation, 18 of them produced more than 10 g of particulate pollution per gallon of fuel consumed. Can you conclude that the proportion of cars whose emissions exceed 10 g per gallon is greater at ..
Drivers experience independent amounts of wear : If the manufacturer sells 500 sets of tires, what is the probability that it earns a profit after paying for any replacements? Assume that the purchases are made around the country and that the drivers experience independent amounts of wear.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd