Probability of an increase in the companys insurance bill

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Reference no: EM131426486

Demographics and Population Statistics Buchtal, a manufacturer of ceramic tiles, reports 3.9 job-related accidents per year. Accident categories include trip, fall, struck by equipment, transportation, and handling. Suppose a year is selected at random.

a. What is the probability that there will be no job-related accidents?

b. What is the probability that the number of accidents that year will be between two and five (inclusive)?

c. If the number of accidents is more than three standard deviations above the mean, the company insurance carrier will raise the rates. What is the probability of an increase in the company's insurance bill?

Reference no: EM131426486

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