What is the probability of no off the job accidents

Assignment Help Management Information Sys

Reference no: EM131298481

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 toaverage threeemployee off-the-job accidents per year. Answer the following questions forcompanies with50 employees.

a. What is the probability of no off-the-job accidents during a one-year period?

b. What is the probability of at least two off-the-job accidents during a one-year period?

c. What isthe expectednumber of off-the-job accidents during six months?

d. What is the probability of no off-the-job accidents during the next six months?

Reference no: EM131298481

Questions Cloud

How would the amount of work done by lawyers : How would the amount of work done by lawyers, the consumer surplus of people who hire lawyers, and the producer surplus of law firms change? Would this fee ceiling result in an efficient and fair use of resources? Why or why not?

Evaluate the consequences to a publically traded company : ACC573 - Recommend a strategy for a CEO to implement, leading to an ethical environment that leads to high-quality accounting, reporting, and forecasting. Provide support for your recommendation.

Magnitudes of marginal propensity to consume : Do fiscal policy makers really need to know the magnitudes of the marginal propensity to consume (MPC) andmultipliers? Could they get along well without this information? Give examples.

Would the u.s. gasoline market be efficient : Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price ceiling of $3.00 a gallon on gasoline.

What is the probability of no off the job accidents : What is the probability of no off-the-job accidents during a one-year period?- What is the probability of at least two off-the-job accidents during a one-year period?

Discuss how much governments should follow : Discuss how much governments should follow or reject the will of the people. Specifically in north Korea, nazi Germany, and Canada.

Analysis of the report of the special investigative : ACCT -Report Summary and Analysis of the Report of the Special Investigative Committee of the Board of Directors of Enron Corporation (Powers Report) and Description of the related party transactions reported on by Arthur Andersen & Co.

How can a manager evaluate the effectiveness : What is the trade-off between operator-performed maintenance versus supplier-performed maintenance?- How can a manager evaluate the effectiveness of the maintenance function?

What type of structure will be best suited : Prepare a draft document that defines the new organization and addresses the - What type of structure will be best suited to a multinational Internet retailer? Why?

User Account

All Pages