According to the IATA factsheet, the monthly worldwide average number of airplane accidents of commercial airlines...

According to the IATA factsheet, the monthly worldwide average number of airplane
accidents of commercial airlines is approximately 5.7. What is the probability that there
will be:
a) more than 4 such accidents in the next month?
Hint: What distribution do you use to model the number of accidents in a month?
b) more than 15 such accidents in the next 3 months?
Hint: What distribution do you use to model the total number of accidents in 3
months?
c) What is the expected time in days from now to the 3rd accident worldwide?
Hint: What distribution do you use to model the time between accidents? What
distribution do you use to model the time between multiple accidents?
Hint: Do not forget to convert your final result from months to days. Assume a month
is 30 days.

Expert Solution

orchestra answered 1 year ago

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