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Economics

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. Answer the following questions for companies with 50 employees.

What is the probability of no off-the-job accidents during a one-year period (to 4 decimals)?

What is the probability of at least two off-the-job accidents during a one-year period (to 4 decimals)?

What is the expected number of off-the-job accidents during six months (to 1 decimal)?

What is the probability of no off-the-job accidents during the next six months (to 4 decimals)?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91297850

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