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

Break-even analysis, a. How can break-even analysis be used in selecting a ...

a. How can break-even analysis be used in selecting a new plant site? b. What are potential advantages and disadvantage of locating a production facility in foreign country i

Probability and expectation, Ten balls are put in 6 slots at random.Then ex...

Ten balls are put in 6 slots at random.Then expected total number of balls in the two extreme slots

Calculate the current ratio and quick ratio, You were recently hired by E&T...

You were recently hired by E&T Boats, Inc. to assist the company with its financial planning and to evaluate the company's performance.  E&T Boats, Inc. builds and sells boats to o

Box plot of income, The box plot displays the diversity of data for the inc...

The box plot displays the diversity of data for the income; the data ranges from 20 being the minimum value and 1110 being the maximum value. The box plot is positively skewed at 4

Descriptive statistics for every stock, Simple Linear Regression One ca...

Simple Linear Regression One calculate of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over

Regression, Regression line drawn as Y=C+1075x, when x was 2, and y was 239...

Regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

Agreement, Agreement The degree to which different observers, raters or ...

Agreement The degree to which different observers, raters or diagnostic the tests agree on the binary classification. Measures of agreement like that of the kappa coefficient qu

Steps in anova, Steps in ANOVA The three steps which constitute the ana...

Steps in ANOVA The three steps which constitute the analysis of variance are as follows: To determine an estimate of the population variance from the variance that exi

Regression coefficient, Regression Coefficient While analysing regressi...

Regression Coefficient While analysing regression in two related series, we calculate their regression coefficients also. There are two regression coefficients like two regress

Modified distribution mathod, a b c d e supply p 3 4 6 8 8 20 q 2 6 0 5 8...

a b c d e supply p 3 4 6 8 8 20 q 2 6 0 5 8 30 r 7 11 20 40 3 15 s 1 0 9 14 6 13 d 15 3 12 10 20

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