Question

People drive frequently so accidents are common. A recent study looked into the safety of small cars. The study indicated that small cars are involved in 18% of all accidents and larger cars account for the other 82%. It also determined that 12.8% of small car accidents will result in a fatality. For larger cars only 5% of their accidents lead to a fatality. Smaller cars are more dangerous than larger cars but are involved in many fewer accidents. You recently read a headline that a traffic accident resulted in a fatality, what is the probability that it involved a small car?

Answer #1

5) People drive frequently so accidents are common. A recent
study looked into the safety of small cars. The study indicated
that small cars are involved in 18% of all accidents and larger
cars account for the other 82%. It also determined that 12.8% of
small car accidents will result in a fatality. For larger cars only
5% of their accidents lead to a fatality. Smaller cars are more
dangerous than larger cars but are involved in many fewer
accidents....

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,...

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