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. 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
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.