Suppose I work in a factory which does not have the best safety record. On any...

Suppose I work in a factory which does not have the best safety record. On any given day (independent of all other days) there is a 5% chance that there will be a workplace injury. Let X be the number of days until we have a workplace injury.

What is the distribution of X? Give the name of the distribution and the appropriate parameters.

What is the mean and variance of this distribution? Give your answer as a number,

but include the formulas (or logic) used.

What is the probability that there will be an injury within the next 5 workdays?

i.e. what is

P(X≤5)?

2

Let’s say a few employees have a rather inappropriate betting pool on which day

the next injury will occur. If I placed my wager on day 4, what is the probability

that I win?

Expert Solution

thank you

orchestra answered 2 years ago

3. Considering all monetary and fiscal policy tools available, which, if any, work best fighting a....

3. Considering all monetary and fiscal policy tools available, which, if any, work best fighting a. a recessionary gap? Explain. b. an inflationary gap? Explain.

when I was younger I worked in a bleach factory. Any thoughts on what type of...

when I was younger I worked in a bleach factory. Any thoughts on what type of costing system would be used there? Why?

I need C++ programming with output. I have tried other programming and it does not work....

I need C++ programming with output. I have tried other programming and it does not work. So please give me the one that actually works. Assignment 1 Design your own linked list class that works as a template class. It should provide member functions for appending, inserting and deleting nodes. The destructor should destroy the list. The class should also provide a member function that will display the contents of the list to the screen. The class should also provide...

a) Suppose that gold, which does not pay any dividends and has no convenience value, is...

a) Suppose that gold, which does not pay any dividends and has no convenience value, is currently trading at 1350 USD per ounce in the spot market. The LIBOR rate is 2% per year and the cost of storing and insuring gold is 1.50 USD per ounce for 180 days, payable at the end of the period. Based on these, determine the theoretical price of a forward contract on gold that has 180 days till maturity. b) Assume that your...

ı have completed the calculations of strategy study. i calculated that if i have 1 factory...

ı have completed the calculations of strategy study. i calculated that if i have 1 factory in belgium our annual cost would be $1,2 million per annum. This is saving of $1.8000,000 millions ($900k when we start the project , $900k after 12 months. annual savings will star coming in only after 2nd year ie 24th month after. If i go for 2 factories option (Belgium and İtaly) than the annual savings go down to $300k per annum for 1...

What would it have been like to go to work in a factory in the early...

What would it have been like to go to work in a factory in the early 19th century? How did blacks and whites react to the economy in the South?

I have the following question, I have no relation to the study of Physics in any...

I have the following question, I have no relation to the study of Physics in any way, but the question has been teasing me for some time. Please accept my poor physical terminology. Here we go... When a solid ball is thrown in a given angle with sufficient force, that ball will move in a some path. The ball will move until the energy passed to it is no longer effective against other forces affecting its movement. I have the...

Suppose that independent trials, each of which is equally likely to have any of m possible...

Suppose that independent trials, each of which is equally likely to have any of m possible outcomes, are performed until the same outcome occurs k consecutive times. If N denotes the number of trials show that, E[N]=(mk - 1)/(m-1)

Which of the following is true of the best product mix and work sequence?

Suppose a bicycle manufacturer that uses heijunka has received 360 orders (180 units of model A, 90 units of model B, and 90 units of model C) during the first quarter of this year. Suppose the firm’s plant can work 4 weeks per month and 5 days per week, manufacturing 120 units per week. Because the plant can produce 120 units per week, the firm has decided to operate its plant during the first three weeks of April this year,...

interview with cognitively patient. Need to identify any safety goals. Should i collaborate with HCP and...

interview with cognitively patient. Need to identify any safety goals. Should i collaborate with HCP and family first or montior the patient. Can only pick one cognitively impaired, uncooperative

Question