What is the probability of no off-the-job accidents

Assignment Help Business Economics
Reference no: EM13739509

The National Safety Council (NSC) estimates that off-the-job accidents cost U.S. businesses almost $200 billion annually in lost productivity (National Safety Council, March 2006). Based on NSC estimates, companies with 50 employees are expected to average three employee off-the-job accidents per year. Answer the following questions for companies with 50 employees.

What is the probability of no off-the-job accidents during a one-year period (to 4 decimals)?

What is the probability of at least two off-the-job accidents during a one-year period (to 4 decimals)?

What is the expected number of off-the-job accidents during six months (to 1 decimal)?

What is the probability of no off-the-job accidents during the next six months (to 4 decimals)?

Reference no: EM13739509

Questions Cloud

Responsibility for the compliance department : The organization has a compliance department that is staffed with a director for compliance and several professional staff.  You have a lead role on the compliance team.  The responsibility for the Compliance Department includes, but is not limite..
The private and social marginal cost of producing squibs : The private and social marginal cost (MC) of producing squibs is MC = 2.5 + 0.0375Q, where Q is quantity of squibs in thousands of cases per month, and MC is measured in dollars per case. The market is competitive and firms would supply at marginal c..
Role of business process reengineering : What is the role of business process reengineering (BPR) in enhancing competitiveness? Give examples to illustrate your answer.
Economy we have two sectors-private and public sectors : In the US economy we have two sectors, private and public sectors. In recession time, how can public sector help the private sector? Provide an example in the recent years. In non recession time, how can private sector help the public sector?
What is the probability of no off-the-job accidents : The National Safety Council (NSC) estimates that off-the-job accidents cost U.S. businesses almost $200 billion annually in lost productivity (National Safety Council, March 2006). Based on NSC estimates, companies with 50 employees are expected to a..
Topics of contemporary ethical dilemmas : The Medical Staff Coordinator has requested that you prepare a 10 slide PowerPoint presentation on one of the following topics to discuss with the incoming residents. The Medical Staff Coordinator has also requested you maintain a neutral position..
Intentional and unintentional tortsin a healthcare setting : In an effort to increase the understanding of negligence of newly hired certified nursing assistants (CNAs) at your organization, as the assistant to the In-Service Coordinator, you were assigned the task of writing an informational handout to add..
Identify a current event or contemporary social issue : Identify a current event or contemporary social issue that involves ethical values. Your issue must be broad enough to sustain deep philosophical analysis and must have relevance to your community.
Increase in demand for ipad tablet computer can be explained : The increase in demand for iPad tablet computers can be explained by: An increase in the real income of a consumer is one result from an increase in the price of a product that the consumer is buying.

Reviews

Write a Review

Business Economics Questions & Answers

  Explain company profit not determined without information

In the short run the typical company increases its output but its total cost also rises. Hence, the effect on the company 's profit cannot be determined without more information.

  Illustrate what technologies are utilized

Illustrate what technologies are utilized. Describe the competitive environment within the industry. Is there a dominant firm.

  What are the effects on the growth rates of cumulative

Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.

  What is the market value of this patent

Assume a firm has a patent on one of its products whose sale generates $32,700/year more revenue than production costs. If the annual interest rate is 20 percent, what is the market value of this patent.

  Compare and contrast the nielsen rating

Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.

  Forestry products account for nearly three percent

Forestry products account for nearly 3 percent (%) of Canada's GDP also 14.1 percent of its exports.

  The cost of pollution in billions of dollars originating in

the cost of pollution in billions of dollars originating in the paper industry iscp 2p p2where p is the quantity of

  Elucidate why the general level of wages is higher

Elucidate why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the United States.

  Cause a shift of the aggregate demand curve

Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve.

  Q how to calculate marginal revenue from demandaif the

q. how to calculate marginal revenue from demand?a.if the marginal propensity to save is 0.05 how large is the

  Illustrate what is the graph among utility and income

Illustrate what is the graph among utility and income,when marginal utility of income increases or deminishes.

  People in the army what information do you need

To determine the cost of using these people in the army what information do you need.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd