Q- 1 Twenty-three percent of automobiles are not covered by insurance (CNN, February 23, 2006). On a particular weekend, 35 automobiles are involved in traffic accidents. What is the expected number of these automobiles that are not covered by insurance? Q-2 Twenty-three percent of automobiles are not covered by insurance (CNN, February 23, 2006). On a particular weekend, 35 automobiles are involved in traffic accidents. What are the variance and standard deviation? Q-3 Consider a Poisson distribution with μ = 3. Compute f(1).
Q- 1
Twenty-three percent of automobiles are not covered by insurance (CNN, February 23, 2006). On a particular weekend, 35 automobiles are involved in traffic accidents.
What is the expected number of these automobiles that are not covered by insurance?
Q-2
Twenty-three percent of automobiles are not covered by insurance (CNN, February 23, 2006). On a particular weekend, 35 automobiles are involved in traffic accidents.
What are the variance and standard deviation?
Q-3
Consider a Poisson distribution with μ = 3.
Compute f(1).
Q4
Consider a Poisson distribution with μ = 3.
Compute P(x>=2).
Q-5
The national Safety Council (NSC) estimates that off-the-job accidents cost U.S. businesses almost $200 billion annually in lost productivity (National Safety Council, March 2006).
Based on NSC estimates, companies with 50 employees are expected to average three employee off-the-job accidents per year.
What is the probability of at least two off-the-job accidents during a one year period?
Q-6
The national Safety Council (NSC) estimates that off-the-job accidents cost U.S. businesses almost $200 billion annually in lost productivity (National Safety Council, March 2006).
Based on NSC estimates, companies with 50 employees are expected to average three employee off-the-job accidents per year.
What is the probability of no off-the-job accidents during the next six months?
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