Quantitative Methods for Managers
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Exhibit 5-12The police records of a metropolitan area kept over the past 300 days show the following number of fatal accidents.
| Number of Fatal | |
| Accidents | Number of Days |
| 0 | 45 |
| 1 | 75 |
| 2 | 120 |
| 3 | 45 |
| 4 | 15 |
Refer to Exhibit 5-12. What is the probability that in a given day there will be less than 3 accidents?
Assume that you have a binomial experiment with p = 0.5 and a sample size of 100. The expected value of this distribution is
An experiment consists of determining the speed of automobiles on a highway by the use of radar equipment. The random variable in this experiment is a
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