Question

On average, there are roughly 1.4 deaths in hot-air balloon accidents in the United States each...

On average, there are roughly 1.4 deaths in hot-air balloon accidents in the United States each year.

A10. Given that dying in a hot-air balloon accident is rare, what is the most appropriate probability distribution (out of those we have learned in class) for modeling the number of hot-air balloon fatalities per year in the US? Give the values of all distribution parameters.

A12. Using the distribution you identified in Question A10, what is the probability that we have one hot-air balloon fatalities in a given year?

Homework Answers

Answer #1

A.10. As we know the "dying in hot air balloon accident is rare , ie. the probability of this kind of accident is rare we can fit a Poisson Distribution with this.

We know Poisson hdistribution has a single parameter , generally taken as , which is nothing but the mean of the concerned random variable. Here average death is given as 1.4 deaths per year. So, = 1.4

A.12.

Let X be the number of deaths due to hot balloon related accident .

Then X~ Poisson (1.4)

So, x = 0,1,2,....

So,

=0.3452  

If you have any doubts, let me know below in the comment section.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
4.3 car accidents occur on certain highway each month on average. Answer: a. In the next...
4.3 car accidents occur on certain highway each month on average. Answer: a. In the next month, what is the probability that at most 2 accidents happen? b. In a particular month, what is the probability that no accidents will happen in the first 10 days? (d) Considering next year, let Z denote the number of months in which there will be no car accidents on the highway. What distribution does Z have? Be sure to specify both the distribution...
2. In the United States, the year each coin was minted is printed on the coin....
2. In the United States, the year each coin was minted is printed on the coin. To find the age of a coin, simply subtract the current year from the year printed on the coin. The ages of circulating pennies are right skewed. Most circulating pennies were minted relatively recently, and extremely old pennies are rare. Assume the ages of circulating pennies have a mean of 30 years and a standard deviation of 9.9 years. a. Based on the information...
1. Is NASCARs main goal to maximize profits? If not, what is their major goal? Is...
1. Is NASCARs main goal to maximize profits? If not, what is their major goal? Is there a tradeoff involved here? 2. Is the motivation for the actions described in the NYT article (safety changes, blackbox data collection) connected to their goal? Explain. 3. If people tune in to see crashes (Nascar fans love crashes the way hockey fans love fights; when you watch the Speed Channel's edited replays of Nascar races, the plot is always the same: green flag,...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how the firms resources incompetencies support the given pressures regarding costs and local responsiveness. Describe entry modes have they usually used, and whether they are appropriate for the given strategy. Any key issues in their global strategy? casestudy: Atlanta, June 17, 2014. Sea of Delta employees and their families swarmed between food trucks, amusement park booths, and entertainment venues that were scattered throughout what would...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT