Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Solve in steps and explain each step Typically, zero or one workplace health and safety incidents occur every month at an aluminium refinery. In any
Solve in steps and explain each step Typically, zero or one workplace health and safety incidents occur every month at an aluminium refinery. In any given month, whether or not a health and safety incident occurs, and the seriousness of the incident if it does occur, is expected to agree with the following table: n No incident Minor incident Major incident Pr(N = n) 0.29 0.31 0.40 In this table, n is a descriptive value which describes two things: (1) whether or not a health and safety incident occurs and (2) the seriousness of the incident if it does occur. a) Explain whether or not the table is a valid probability mass function. (Note that, according the Lecture Notes, a discrete variable can be numerical or descriptive.) (1 mark) b) Because the table above is quite alarming, all staff have recently undergone health and safety training. The aluminium refinery's Health and Safety Officer will consider this training a suc- cess if, over the next 50 months, there are 12 months or less out of 50 months in which there are major health and safety incidents. Based on the table above, use the binomial distribution to esti- mate the probability of observing this "success" if no training occurred. (2 marks) c) Show that the Central Limit Theorem applies to the situation described in part b). (1 mark) d) Recalculate the probability in b), using an appropriately chosen approximate Normal distribution. After this calculation, comment on the validity of the Central Limit Theorem for this example
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started