In: Statistics and Probability
A company studied the number of lost-time accidents occurring at its Brownsville, Texas, plant. Historical records show that of the employees suffered lost-time accidents last year. Management believes that a special safety program will reduce such accidents to during the current year. In addition, it estimates that of employees who had lost-time accidents last year will experience a lost-time accident during the current year.
a. What percentage of the employee will experience a lost-time accident in both years (to 1 decimal)?
b. What percentage of the employee will experience a lost-time accident over the two-year period (to 1 decimal)?
Answer:
Given that:
A company studied the number of lost-time accidents occurring at its Brownsville, Texas, plant. Historical records show that of the employees suffered lost-time accidents last year.
a) What percentage of the employee will experience a lost-time accident in both years
Let L denote event that employees suffer lost time accidents during the last year.
Let C denote event that employees suffer lost time accidents during the current year.
From the given information,
Compute the probability that the employees will experience lost-
time accidents in both Years.
There is 0.9 percent of the employees will experience lost - time
accidents in both the years.
b) What percentage of the employee will experience a lost-time accident over the two-year period
Compute the probability that the employees will suffer at least one lost- time accident over the two - year period.
There is 10.1% of the employees will suffer at least one
lost- time accident over the two -year period.