Accident proneness, Applied Statistics

Assignment Help:


Accident proneness

 A personal psychological issue which affects the individual's probability of suffering the accident. The concept has been studied statistically under the number of different supposition for the accidents:

1)pure chance, leading to the Poisson distribution;

2)true contagion, i.e. the hypothesis that all individuals initially have the same probability

of having an accident, but that this probability changes each time an accident happens;

3)apparent contagion, i.e. the hypothesis that individuals have constant but unequal probabilities of having an accident.

The study of the accident proneness has been very much valuable in the development procedure of particular statistical methodologies, though in the past two decades this concept has, generally, been out of the favour; attention now seems to have moved more towards the risk evaluation and analysis of it as well.

 


Related Discussions:- Accident proneness

Logistic regression model, A marketing research firm was engaged by an auto...

A marketing research firm was engaged by an automobile manufacturer to conduct a pilot study to examine the feasibility of using logistic regression for ascertaining the likelihood

Evaluate the standard deviation, Use only the rare event rule, and make sub...

Use only the rare event rule, and make subjective estimates to determine whether events are likely. For example, if the claim is that a coin favors heads and sample results consis

Melissa Bakery, Melissa Bakery is preparing for the coming thanksgiving fes...

Melissa Bakery is preparing for the coming thanksgiving festival. The bakery plans to bake and sell its favourite cookies; butter cookies, chocolate cookies and almond cookies. A k

Option price binomial tree, Modify your formulas from (1) to compute the pr...

Modify your formulas from (1) to compute the price at time 0 of an American put option with the same contract speci cations in the binomial model. Report the price of the American

Multivariate analysis, Multivariate analysis involves a set of techniques t...

Multivariate analysis involves a set of techniques to analyse data sets on more than one variable. Many of these techniques are modern and often involve quite sophisticated use of

Latin Square design, what is the the Latin Square design? What is its appli...

what is the the Latin Square design? What is its application in research? please explain this term with very simple but with detailed explanation for effective understanding. I hav

Make a decision about the claim, Make a decision about the given claim. Do...

Make a decision about the given claim. Do not use any formal procedures and exact calculation. Use only the rare event rule. Claim: A coin favors head when tossed, and there

Assignment, wants to complete assignment for uk university which i need toy...

wants to complete assignment for uk university which i need toy submit latest by 10th october

Measures of dispersion, Measures of Dispersion ...

Measures of Dispersion Box 3: Food vs. Oil Below are the figures for foodgrain procurement   and cr

Write Your Message!

Captcha
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