Question: Taxicab drivers are more likely to be murdered on the
Taxicab drivers are more likely to be murdered on the job than members of any other occupation, even police officers and security guards. The annual murder rate for cab drivers is 30.0 homicides per 100,000 workers, compared to just 0.6 per 100,000 for all occupations. Assume that taxicab companies in a large Northeastern city employ a total of 3000 drivers and that the family of any driver murdered on the job receives $50,000 from the city. What is the probability that at least two of the city’s taxicab drivers will be murdered on the job during the next year? What is the approximate expected value for the amount of money the city will be providing to families of murdered taxicab drivers during the next year?
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