B. A manufacturing company is analyzing its accident record. The accidents fall intotwo categories:➤Minor-dealt with by first aider: Average cost k50Major-hospital required. Average cost k1,000The company has 1,000 employees, of which 180 are office staff and the restwork in the factory.The analysis shows that 10% of employees have an accident each year and 20%of accidents are major. It is assumed that an employee has more than oneaccident in a year.(i) Determine the expected total cost of accidents in a year.On further analysis it is discovered that a member of office staff has half theprobability of having an accident relative those in the factory.(ii) Show that the probability that a given a member of office staff has anaccident in a year is 0.0549.(iii) Determine the probability that a randomly chosen employee who has hadan accident is office staff.

Given information: Minor dealt with by first aider: Average cost k 50. Major hospital required:…

Answered: B. A manufacturing company is analyzing…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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