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A highway traffic safety organization collects traffic safety-related data for a certain country. Suppose according to their data, 10,427 fatal collisions in a certain year were the result of collisions with fixed objects. The following table provides more information on these collisions. (Round your numeric answers to four decimal places.) Fixed Object Involved in Collision Number of Collisions Pole/post Culvert/curb/ditch Shrubbery/tree Guardrail Embankment Bridge Other/unknown 1,418 2,517 2,587 895 945 232 1,833 Assume that a collision will be randomly chosen from this population. (a) What is the probability of a fatal collision with a pole or post? 0.2414 X (b) What is the probability of a fatal collision with an embankment? 0.0907 X (c) What type of fixed object is least likely to be involved in a fatal collision? What is the probability associated with this type of fatal collision? The object that is least likely to be involved in a fatal collision is a bridge with probability 0.0223 X (d) What type of object is most likely to be involved in a fatal collision? What is the probability associated with this type of fatal collision? The object that is most likely to be involved in a fatal collision is a shrubbery or tree X with probability 0.2477

A highway traffic safety organization collects traffic safety-related data for a certain country. Suppose according to their data, 10,427 fatal collisions in a certain year were the result of collisions with fixed objects. The following table provides more information on these collisions. (Round your numeric answers to four decimal places.) Fixed Object Involved in Collision Number of Collisions Pole/post Culvert/curb/ditch Shrubbery/tree Guardrail Embankment Bridge Other/unknown 1,418 2,517 2,587 895 945 232 1,833 Assume that a collision will be randomly chosen from this population. (a) What is the probability of a fatal collision with a pole or post? 0.2414 X (b) What is the probability of a fatal collision with an embankment? 0.0907 X (c) What type of fixed object is least likely to be involved in a fatal collision? What is the probability associated with this type of fatal collision? The object that is least likely to be involved in a fatal collision is a bridge with probability 0.0223 X (d) What type of object is most likely to be involved in a fatal collision? What is the probability associated with this type of fatal collision? The object that is most likely to be involved in a fatal collision is a shrubbery or tree X with probability 0.2477

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.1CE
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A highway traffic safety organization collects traffic safety-related data for a certain country. Suppose according to their data, 10,427 fatal collisions in a certain year were the result of collisions with fixed objects. The following table provides more information on these collisions. (Round your numeric answers to four decimal places.) Fixed Object Involved in Collision Number of Collisions Pole/post Culvert/curb/ditch Shrubbery/tree Guardrail Embankment Bridge Other/unknown 1,418 2,517 2,587 895 945 232 1,833 Assume that a collision will be randomly chosen from this population. (a) What is the probability of a fatal collision with a pole or post? 0.2414 (b) What is the probability of a fatal collision with an embankment? 0.0907 X (c) What type of fixed object is least likely to be involved in a fatal collision? What is the probability associated with this type of fatal collision? The object that is least likely to be involved in a fatal collision is a bridge with probability 0.0223 x. (d) What type of object is most likely to be involved in a fatal collision? What is the probability associated with this type of fatal collision? The object that is most likely to be involved in a fatal collision is a shrubbery or tree V with probability 0.2477 X
Transcribed Image Text:A highway traffic safety organization collects traffic safety-related data for a certain country. Suppose according to their data, 10,427 fatal collisions in a certain year were the result of collisions with fixed objects. The following table provides more information on these collisions. (Round your numeric answers to four decimal places.) Fixed Object Involved in Collision Number of Collisions Pole/post Culvert/curb/ditch Shrubbery/tree Guardrail Embankment Bridge Other/unknown 1,418 2,517 2,587 895 945 232 1,833 Assume that a collision will be randomly chosen from this population. (a) What is the probability of a fatal collision with a pole or post? 0.2414 (b) What is the probability of a fatal collision with an embankment? 0.0907 X (c) What type of fixed object is least likely to be involved in a fatal collision? What is the probability associated with this type of fatal collision? The object that is least likely to be involved in a fatal collision is a bridge with probability 0.0223 x. (d) What type of object is most likely to be involved in a fatal collision? What is the probability associated with this type of fatal collision? The object that is most likely to be involved in a fatal collision is a shrubbery or tree V with probability 0.2477 X
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