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Need complete calculation 20 points Amazon owns trucks used for cargo shipment. In the course of their activities, Amazon sustains losses in the form of
Need complete calculation
20 points Amazon owns trucks used for cargo shipment. In the course of their activities, Amazon sustains losses in the form of property damages to their trucks. Assume that Amazon owns a truck station located in Pennsylvania (PA) and also another station in New Jersey (NJ). The PA station has 250 trucks. Amazon has the following yearly data for the number of accidents per truck in the PA station. Accidents per Truck # of Trucks 126 65 2 59 (a) Derive the probability distribution based on this data. (b) Calculate the expected value of frequency per truck. What are the units of measurement? (c) What is the variance for the PA station frequency distribution? (d) How much risk is present? What are the units of measurementStep by Step Solution
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