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A manufacturing company boasts their accident rate is extremely low, occurring at a mean rate of 2 accidents per year.
Accident rate per year
2
Required:
What is the probability that the company will go 3 years until the next accident?	#NUM!
What is the probability that the company will have an accident in 1 year?
What is the probability that the company will go at least 2 years without having an accident?
What is the probability that the company will go at least 1 year but not more than 3 years with no accidents occuring?