Is this justified by the data

Assignment Help Microeconomics
Reference no: EM131009193

The article "Using Conditional Probability to Find Driver Age Effect in Crashes" (M. Abdel-Aty, C. Chen, and A. Radwan, Journal of Transportation Engineering, 1999:502-507) presents a tabulation of types of car crashes by the age of the driver over a three-year period in Florida. Out of a total of 82,486 accidents involving drivers aged 15-24 years, 4243, or 5.1%, occurred in a driveway. Out of a total of 219,170 accidents involving drivers aged 25-64 years, 10,701 of them, or 4.9%, occurred in a driveway.

a. Can you conclude that accidents involving drivers aged 15-24 are more likely to occur in driveways than accidents involving drivers aged 25-64?

b. Someone suggests that since accidents involving younger drivers are more likely to occur in drive- ways, young drivers should be required to take a special course in driveway driving. Is this justified by the data? Explain.

Reference no: EM131009193

Questions Cloud

Wilson company''s managers investigate departures : Wilson Company's managers investigate departures from the budget that appear to be significant. What principle is being followed? A.Small amounts do not matter B.Incremental analysis
Directly to work in process : Which of the following is added directly to work in process?
Is this a one-tailed or two-tailed test : The following MINITAB output presents the results of a hypothesis test for the difference p1 - p2 between two population proportions. Is this a one-tailed or two-tailed test? What is the null hypothesis?
Journalize the entries to record the following transactions : On January 1, 2016, Hebron Company issued a $175,000, five-year, 8% installment note to Ventsam Bank. The note requires annual payments of $43,830, beginning on December 31, 2016. Journalize the entries to record the following transactions. Be sure t..
Is this justified by the data : Out of a total of 82,486 accidents involving drivers aged 15-24 years, 4243, or 5.1%, occurred in a driveway. Out of a total of 219,170 accidents involving drivers aged 25-64 years, 10,701 of them, or 4.9%, occurred in a driveway.Can you conclude ..
Explaining the importance of positive employee relations : Write a 350- to 700-word memo to your employees explaining the importance of positive employee relations
Major damage in the united states : A hurricane bond pays the holder a face amount, say +1 million, if a hurricane causes major damage in the United States. Suppose that the chance for such a storm is 5% per year.
Can conclude that proportion of cars whose emissions exceed : In a random sample of 77 cars driven at a higher elevation, 18 of them produced more than 10 g of particulate pollution per gallon of fuel consumed. Can you conclude that the proportion of cars whose emissions exceed 10 g per gallon is greater at ..
Drivers experience independent amounts of wear : If the manufacturer sells 500 sets of tires, what is the probability that it earns a profit after paying for any replacements? Assume that the purchases are made around the country and that the drivers experience independent amounts of wear.

Reviews

Write a Review

Microeconomics Questions & Answers

  Investment necessary to attract and retain investment

The minimum return on investment necessary to attract and retain investment is the risk-adjusted:

  Determine the projects after-tax net present worth

A corporate expects to receive $34,688 each year for 15 years if a particular project is undertaken. There will be an initial investment of $122,261. The expenses associated with the project are expected to be $7,426 per year.

  Illustrate the effects of the temporary shock

Use the IS-LM-FX model to illustrate the effects of the temporary shock and the policy response. (Note: Assume the government responds by using monetary policy to stabilize output.) For each case, state the effect of the shock on the following dom..

  How much money can bank a create by making loans

How much money can Bank A create by making loans and how much money can the banking system as a whole create? (Show calculation).

  A firm produces a product in a competitive industry

A firm produces a product in a competitive industry and has a total cost function (TC) of TC(q)=90+8q+2q2  and a marginal cost function (MC) of  MC(q)=8+4q.

  First component of the company analysis course project

First component of the Company Analysis course project

  Solve profit maximizing solution

Formulate and solve the profit maximizing solution to this exercise ignoring the four goals.

  Discuss what this suggests about the united states'' absolute

Discuss what this suggests about the United States' absolute

  Calculate an appropriate measure of association

Calculate an appropriate measure of association, and decide how to present the results. How might this information affect the advertising agency - Is the GPA of this year's students significantly different from the long-run average? At what alpha ..

  Producers and consumers will act at the same time

In the market for laptop computers, assume future prices are expected to fall. Using two graphs draw two possible but different scenarios that may result which account for how consumers would react and how producers would react. (Hint: In each graph,..

  Explain the understanding of externalities by providing the

describe your understanding of externalities by providing an example of a positive externality and a negative

  Explain proper procedures and policies which would be

consider a scenario where the contingency planning management team cpmt of your organization has designated you as the

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