If we wish to model this problem as a sequence of Bernoulli trials, each trial being a year, what assumptions must be made? b) Under this model, what is the probability of at least 2 significant accidents occurring in 30 years? c) Now suppose we wish to model the occurrence of this accident as a Poisson process. What assumptions must be made? d) Assuming that the probability of occurrence of 0.001 per year is accurate, what value of should be used in your Poisson model? To compute this, assume that the probability of
Assume that the
year is 0.001.
a) If we wish to model this problem as a sequence of Bernoulli trials, each trial being a year,
what assumptions must be made?
b) Under this model, what is the probability of at least 2 significant accidents occurring in 30
years?
c) Now suppose we wish to model the occurrence of this accident as a Poisson process. What
assumptions must be made?
d) Assuming that the probability of occurrence of 0.001 per year is accurate, what value of
should be used in your Poisson model? To compute this, assume that the probability of
0.001 is actually to be interpreted as the probability of one or more accidents occurring in
a single year.
Answer:----. Date:----26/10/2021
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