Don't drink and drive: A highway safety council reported that there were 3992 fatalities among drivers in auto accidents in a particular year. Following is a frequency distribution of their ages. Approximate the mean age. Round your answer to one decimal place. Age Number of Fatalities 11-20 327 21-30 1545 31-40 860 41-50 691 51-60 423 61-70 146
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- A study is conducted among senior citizen 60 - 95 years of age staying in home for the aged. We are interested in comparing the mortality experience of the seniors in home for the aged with national mortality rates. Suppose that of the 1000 seniors in this age group, 33% are 60 - 69 years of age, 48% are 70 - 79, 16% are 80 - 89, and 3% are 90 - 95. If annual mortality rate are at 5.7% in 60 - 69, 1.8% in 70 - 79, 0.25% in 80 - 89, and 0.07% in 90 - 95, then what is the projected annual mortality rate in the home for the aged as a whole?22. A new drug named "EEE" was introduced by Genius Inc. in the market on December 1, 2005. Genius Inc.'s financial year ends on December 31,2005. It was the only company that was permitted to manufacture this patented drug. The drug is used by patients suffering from an irregular heartbeat. On March 31, 2006, after the drug was introduced, more than 1,000 patients died. After a series of investigations, authorities discovered that when this drug was simultaneously used with "BBB," a drug used to regulate hypertension, the patient's blood would clot and the patient suffered a stroke. A lawsuit for GHS100,000,000 has been filed against Genius Inc. The financial statements were authorized for issuance on April 30, 2006. Which of the following options is the appropriate accounting treatment for this post-statement of financial position event under IAS 10? (a) The entity should provide GHS100,000,000 because this is an "adjusting event" and the financial statements were authorized to be…17. In Year 1, Better Sleep Company began to receive complaints from physicians that patients were experiencing unexpected side effects from the company's sleep apnea drug. The company took the drug off the market near the end of Year 1. During Year 2, the company was sued by 1,000 customers who had had a severe allergic reaction to the company's drug and required hospitalization. At the end of Year 2, the company's attorneys estimated a 60 percent chance the company would need to make payments in the range of $1,000 to $5,000 to settle each claim, with all amounts in that range being equally likely. At the end of Year 3, while none of the cases had been resolved, the company's attorneys now estimated an 80 percent probability the company would be required to make payments in the range of $2,000 to $7,000 to settle each claim. In Year 4, 400 claims were settled at a total cost of $1.2 million. Based on this experience, the company believes 30 percent of the remaining cases will be…
- When red light cameras are installed at high-risk intersections, rear-end collisions go up, but all other types of accidents go down, including thoseinvolving pedestrians. Analysis of traffic accidents in a northwestern city revealed that the total number of collisions at photo-controlled intersections decreased from 33 per month to 18. At the same time, the number of traffic tickets issued for red light violations averaged 1100 per month at an average cost to violators of $85 per citation. The cost to install the basic camera system at selected intersections was $750,000. If the cost of a collision is estimated at $41,000 and traffic ticket costsare considered disbenefits, calculate the B/C ratio for the camera system. Use a discount rate of 0.5% per month and a 3-year study period.The Port Authority also wants to determine if the gender profile of its customers has changed since last year, when 59.4% of its orders placed were placed by males. The genders for a sample of 49,896 orders placed this year are collected and recorded in the file PortAuthority. a. Formulate hypotheses that can be used to test whether the proportion of orders placed by male customers this year differs from the proportion of orders placed by male customers placed last year. b. Use the data in the file PortAuthority to conduct your hypothesis test. What is the p value for your hypothesis test? At = 0.05, what is your conclusion?When red light cameras are installed at high-risk intersections, rear-end collisions go up, but all other types of accidents go down, including those involving pedestrians. Analysis of traffic accidents in a northwestern city revealed that the total number of collisions at a group of selected photo-enhanced intersections decreased from 33 per month to 18. At the same time, the number of traffic tickets issued for red light violations averaged 1100 per month, at a cost to violators of $85 per citation. The cost for the contractor to install the basic camera system at the selected intersections was $750,000. For analysis purposes, use an interest rate of 0.5% per month and a 3-year study period. The cost of a collision is estimated at $41,000 and traffic ticket costs are considered as disbenefits. (a) Calculate the B/C ratio for the camera system from the perspective of the city. (b) The contractor has proposed to operate and maintain the system, plus provide collected violation data to…
- Ee 381.In a factory, there are 200 full-time employees who all are exposed to the same risk. Arisk analysis for the factory has been performed and the following information has beenarrived at:• The only type of accidents that can cause fatalities at the factory is fires.• The frequency of fire is 0.0028 per year• The average consequence if a fire occurs is 1.2 fatalities.(a) Calculate AIR for the employees in the factory.(b) Assume that the operation at the factory is changed and that a toxic chemical is introduced, leading to another type of accidents that may occur. If this is released, employees may be killed. The annual frequency of release is 4.2 × 10−4 , and the average consequence if a release occurs is 12 fatalities. Recalculate AIR for the employees in the factory taking into account the changes.(c) Calculate FAR for both cases above.>> it is a risk management questionIn Year 1, began to receive complaints from physicians that patients were experiencing unexpected side effects from the company’s sleep apnea drug. The company took the drug off the Market near the end of Year 1. During Year 2, the company was sued by 800 customers who had a severe allergic reaction to the company’s drug and required hospitalization. At the end of Year 2, the company’s attorneys estimated a 62% chance the company would need to make payments in the range of $2,500 to $7,000 to settle each claim, with all amounts in that range being equally likely. At the end of Year 3, while none of the cases had been resolved, the company’s attorney now estimated an 80% probability the company would be required to make payments in the range of $3,000 to $10,000 to settle each claim with all amounts in that range being equally likely. In Year 4, 400 claims were settled at a total cost of $2.5 million. Based on this experience, the company believes 30% of the remaining cases will be…
- 1) a refrigerator manufacturer received the following complaints from purchases of new refrigerators Defect Frequency Percentage Cumulative Percentage Dent in door 16 Door seal 12 Damaged box 8 Faulty light 6 Wiring defect 2 Refrigerant leak 1 Total 45 --------------- i) fill in the percentage and cumulative percentage columns in the table above ii) draw an accurate pareto chart for this informationnot use ai pleaseHw.12.