Over the last 10 years, the average number of deaths due to accidents involving a certain...
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Over the last 10 years, the average number of deaths due to accidents involving a certain commercial airline has been about 27 per year. Over the same period, the average number of passengers of the airline has been more than 5.8 million per year. a. Can this be considered a long run or short run of trials? Explain b. Estimate the probability of dying on a particular flight. c. The last fatal accident involving the airline occurred more than 2 years ago. Mary comments that she is currently afraid of flying because the airlines are "due for an accident" Comment on Mary's reasoning a. Can this be considered a long run or short run of trials? Explain ⒸA. This can be considered a short run, because the number of trials is sufficiently large. B. This can be considered a long run because the number of trials is sufficiently large. OC. This can be considered a long run, because the number of trials is small. ÖD. This can be considered a short run, because the number of trials is small. b. Estimate the probability of dying on a particular flight. The probability of dying on a particular flight is (Round to six decimal places as needed.) Over the last 10 years, the average number of deaths due to accidents involving a certain commercial airline has been about 27 per year. Over the same period, the average number of passengers of the airline has been more than 5.8 million per year. a. Can this be considered a long run or short run of trials? Explain b. Estimate the probability of dying on a particular flight. c. The last fatal accident involving the airline occurred more than 2 years ago. Mary comments that she is currently afraid of flying because the airlines are "due for an accident" Comment on Mary's reasoning a. Can this be considered a long run or short run of trials? Explain ⒸA. This can be considered a short run, because the number of trials is sufficiently large. B. This can be considered a long run because the number of trials is sufficiently large. OC. This can be considered a long run, because the number of trials is small. ÖD. This can be considered a short run, because the number of trials is small. b. Estimate the probability of dying on a particular flight. The probability of dying on a particular flight is (Round to six decimal places as needed.)
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golk 12 a This can number b Probability of dying 27 58 million c Since be considered Long ... View the full answer
Related Book For
Quantitative Investment Analysis
ISBN: 978-1119104223
3rd edition
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
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