Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given that the weekly incomes of the accountants in an accounting firm at Botswana follows a normal distribution with a mean of 2,000 and

 

Given that the weekly incomes of the accountants in an accounting firm at Botswana follows a normal distribution with a mean of 2,000 and a standard deviation of 500. 1) Calculate the probability of selecting an accountant whose weekly income is between 1,900 and 2,100. ii) Calculate the probability of selecting an accountant whose weekly income is less than 1,500. b) A health and safety agency is studying the number of lost time injuries occurring at a steel production company in Cardiff. The past records showed that 7% of the workers suffered lost time injuries last year. The management believes that a safety - training programme will reduce such injuries to 5% this year. In addition, it estimates that 20% of workers who had lost time injuries last year will experience a lost time injury during this year. Calculate the probability that: i) The worker will experience lost time injuries in both years. ii) The worker will suffer at least one lost time injury over the two-year period.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Probability Statistics And Random Processes

Authors: Hossein Pishro-Nik

1st Edition

0990637204, 9780990637202

More Books

Students also viewed these Mathematics questions

Question

Distinguish between market and financial intermediaries.

Answered: 1 week ago