User Account

All Pages

What is the probability that it involved a fatal accident

Assignment Help Basic Statistics
Reference no: EM131063220

1. In 2006, there were about 11 million commercial flights in the United States. If one is selected at random, what is the probability that it involved a fatal accident?

2. Is a binomial distribution a good model for determining the probability of various numbers of fatal accidents during a year?

3. Explain your reasoning and include a discussion of the four criteria for a binomial experiment. Make sure you clearly think through each criterion.

4. Suppose that the probability of a fatal accident in a given year is 0.0000004. Construct a binomial distribution for n = 11,000,000 and p = 0.0000004 (from above) as well as p = 0.0000008 with x = 0 to 12.

Reference no: EM131063220

Questions Cloud

Determine the level of measurement for independent variables : Determine the level of measurement for each of your independent variables and the dependent variable (in terms of categorical/discrete or continuous/scale)
Different management theories : Why is it important to study the different management theories that have been developed?
Financial forecasting for the organization : Identify and discuss 2 sources of revenue that may assist you in the financial forecasting for the organization. Identify and discuss 2 reimbursement methods that the organization may utilize, and explain what risk those methods may or may not bring..
Problem regarding the management writerand futurist : Cocooning" and "Cashing out" are the terms coined by which management writerand futurist?
What is the probability that it involved a fatal accident : In 2006, there were about 11 million commercial flights in the United States. If one is selected at random, what is the probability that it involved a fatal accident
Explain which one would be the better medication : Analyze the data and explain which one would be the better medication for both a sore throat and a fever
Calculate the value of a one year power put option : A power put option pays off [max(X-ST,0)]2 at time T, where ST is the stock price at time T and X is the exercise price. A stock price is currently $30. It is known that at the end of one year it will be either $34 or $26. The risk-free rate of inter..
Breakeven stock price below which the trader will lose money : A one-year call option on a stock with strike price of $45 cost $5 and a one-year put option on a stock with strike price of $35 cost $3. A trader shorts two put options and shorts one call option. What is the breakeven stock price, below which the t..
Two mutually exclusive projects-cash flow : Romboski, LLC, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 −$ 57,000 −$ 57,000 1 33,000 20,300 2 27,000 24,300 3 19,500 29,000 4 13,400 25,300 Requirement 1: (a) What is the IRR for each of these p..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Stocks-binomial probability

Certain stocks are recommended each month by a monthly magazine. If 40% of the stocks recommended advance at least 20%, what is the probability that of the five stocks most recently recommended

  Te name of each contestant is written on a separate card

the name of each contestant is written on a separate card the cards are placed in a bag and three names are picked

  Your data show that the 80 eastern wholesalers had 40

suppose that you wanted to determine if your eastern region of wholesalers differed from your western region of

  In the past the mean processing time was 45daysat the 005

question during a period of one month a random sample of 27 approved life insurance policies is selected and the

  A researcher reports a mean pulse rate of 80 for

A researcher reports a mean pulse rate of 80 for the ampled patients. the data also revealed a standard deviation of 10.5. what percent of patients pulse rates will fall between 69.5 ans 90.5?

  Models are best suited to forecast a time series

Multiple choice question using Forecasting techniques. Which among of the following models are best suited to forecast a time series with a stable seasonality component.

  Determining the imitate random digits

The Probability applet can imitate random digits. Set the probability of heads in the applet to 0.1. Check "Show true probability" to show this value on the graph.

  Area of window

A window is in the shape of a square of side s, witha semicircle of diameter s above it. Please help me unable to figure out how to write a function that express the total area of the window as a function of s

  To find out a 90% confidence interval for proportion

Eighty-eight shoppers were interviewed at random, and 59 said that they prefer to shop alone.

  Significant difference-true rate of heart disease is given

Mmen will have a heart attack in the next 5 years. How large a sample would we need to have an 80% chance of finding a significant difference if the true rate of heart disease in this group is 13%?

  Critique the hr manager planned approach

Critique the HR manager's planned approach and give him advice on how to proceed. You can assume that a reasonable estimate for the proportion of new hires that are happy with the company is .8.

  A calculate the value of the correlation coefficient

the following data on sale price size and land-to-building ratio for 10 large industrial properties appeared in a

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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