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Problem-7 The National Safety Council (NSC) estimates that off-the-job accidents cost U.S. busi- nesses almost $200 billion annually in lost productivity (National Safety Council, March
Problem-7 The National Safety Council (NSC) estimates that off-the-job accidents cost U.S. busi- nesses almost $200 billion annually in lost productivity (National Safety Council, March 2006). Based on NSC estimates, companies with 50 employees are expected to average three employee off-the-job accidents per year. Answer the following questions for com- panies with 50 employees. a. What is the probability of no off-the-job accidents during a one-year period? b. What is the probability of at least two off-the-job accidents during a one-year period? C. What is the expected number of off-the-job accidents during six months? d. What is the probability of no off-the-job accidents during the next six months
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