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Accident Probability and Risk Analysis

The document discusses probability concepts like independent trials, binomial distribution, and expected value. It provides examples of calculating probabilities of events like coin flips landing heads and number of errors on magazine pages. It also presents a word problem on calculating the proportion of people in a population that will experience an accident based on risk classifications.

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0% found this document useful (0 votes)
34 views2 pages

Accident Probability and Risk Analysis

The document discusses probability concepts like independent trials, binomial distribution, and expected value. It provides examples of calculating probabilities of events like coin flips landing heads and number of errors on magazine pages. It also presents a word problem on calculating the proportion of people in a population that will experience an accident based on risk classifications.

Uploaded by

nhathoakiki
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Q52.

Suppose that an insurance company classifies people into


8a. What2 is the 2 7probability
8 flips?16
that the coin lands on heads Example Independent trials consisting of the flipping of a coin
one of three classes: good risks, average risks, and bad risks. The P (−1 )=P ( ( W 1 ∩O 2 ) ∪ ( O1 ∩ W 2 ) ) = × +
on exactly ×of the 10= having probability p of coming up heads are continually
company’s records indicate that the probabilities that good-,
average-, and bad-risk persons will be involved in an accident
14 13 14 13 91 errors on a page of a
Q54. The expected number of typographical
certain magazine is .2. What is the probability that the next page
performed until either a head occurs or a total of n flips is made. If
we let X denote the number of times the coin is flipped, then X is
6. The probability of both balls are orange :
over a 1-year span are, respectively, .05, .15, and .30. If 20 percent you read contains (a) 0 and (b) 2 or more typographical errors? a random variable taking on one of the values 1, 2, 3, ..., n with
of the population is a good risk, 50 percent an average risk, and 30 2 1 1 Explain your reasoning! respective probabilities:
percent a bad risk, what proportion of people have accidents in a P ( 0 )=P ( O 1 ∩O2 )= × = a. The probability of having 0 typographical errors on
fixed year? If policyholder had no accidents in 2012, what is the 14 13 91 the next page:
probability that he or she is a good risk? is an average risk? −0.2 0
Denote: e ( 0.2 ) −0.2
P(G): the probability of being a good risk = 0.2 P ( X=0 )= =e
P(A): the probability of being an average risk = 0.5 0!
P(B): the probability of being a bad risk = 0.3 b. The probability of having 2 or more typographical
P(accident | G): the probability of having an accident given that errors on the next page:
someone is a good risk = 0.05 −0.2 1
( 0.2 ) e
P(accident | A): the probability of having an accident given that
someone is an average risk = 0.15 =0.2 × e−0.2
P ( X=1 )=
P(accident | B): the probability of having an accident given that 1!
−0.2 −0.2
someone is a bad risk = 0.3
The proportion of people who have accidents in a fixed year is:
P ( X ≥2 )=1−e −0.2 ×e
Q57. State your assumptions. Suppose that the average number of
P ( accident ) =P (G ) × P ( accident|G ) + P ( A ) × P ( accident| A ) + P ( B ) × P ( accident|B )=
cars( 0.2× 0.05
abandoned ) +on( 0.5
weekly ×0.15
a certain highway)+is(2.2. ×0.3 )
0.3Approximate
= 0.175 the probability that there will be
a. no abandoned cars in the next week;
Q1. Two balls are chosen randomly from an urn containing 8 b. at least 2 abandoned cars in the next week.
white, 4 black, and 2 orange balls. Suppose that we win $2 for a. To find the probability of no abandoned cars in the next week
each black ball selected and we lose $1 for each white ball (P(X=0)):
a. We find that −λ 0
1 ( X=0 )= e λ =e =e
selected. Let X denote our winnings. What are the possible values
−λ −2.2
of X, and what are the probabilities associated with each value? 1 1 P
P ( X=1 )=P ( X ≤1 )−P ( X< 1 )= − =
2 b. To4 find4the probability of at 0least! 2 abandoned cars in the next
Denote:
B1: first ball selected is black
B2: second ball selected is black
W 1: first ball selected is white
11week (P(X
P ( X=2 )=P ( X ≤2 ) −P ( X <2 )= − +
1 ≥2−1
12 P2( X ≥2
2)):
(
=1/6
4 )=1−P ( X =0 )−P ( X =1 )
−λ 1
)
11 1
W 2 : second ball selected is white P ( X=3 )=P ( X ≤3 )−P ( X <3 ) =1− P = ( X=1 )= e λ =e−λ λ=e−2.2 ×2.2
O1: first ball selected is orange 2 12 1!
b. We find that
O 2: second ball selected is orange P X ≥2 =1−P ( X =0 )−P ( X =1 )=1−e−2.2−e−2.2 ×2.2
( )

( )
3 1 Find E[X], where X is the outcome when we roll a fair die.
Given: −1 consists of tossing 3 fair
( ) ( ) ( )
Example Suppose that our experiment
8 white balls 1 3 3 1 coins. If we let1 Y denote1 the number
2 of heads2appearing, 1 then Y is
4 black balls P < X < = lim P X ≤ − −P X≤ = + − =
2 orange balls 2 2 n→ ∞ 2 n respective probabilities.
2 2 4 4 2
a random variable taking on one of the values 0, 1, 2, 3 with
Possible value of X: Q35. A box contains 5 red and 5 blue marbles. Two marbles are
1. If both balls are black: winnings = 2 + 2 = 4 withdrawn randomly. If they are the same color, then you win
2. If one ball is black and the other is white: winnings = $1.10; if they are different colors, then you win -$1.00. (That is,
2–1=1 you lose $1.00.) Calculate
3. If both balls are white: winnings = -1 – 1 = -2 a. the expected value of the amount you win;
4. If one ball is black and the other is orange: winnings b. the variance of the amount you win.
=2–0=2 Denote:
5. If one ball is white and the other is orange: winnings
= -1 – 0 = -1 pr : the probability of drawing two red marbles
6. If both balls are orange: winnings = 0
The probability of each value: pr : the probability of drawing two blue marbles
1. The probability of both balls being black:
prb : the probability of drawing one red marble and one blue A city has an experiment to test for a kind of Covid-19 vaccine
4 3 6 from participants. The participants are of two groups: 80% of
P ( 4 )=P ( B1 ∩ B2 ) = × = marble participants are vaccinated (group A) and 20% of participants did
14 13 91 5 4 2 not get the vaccine (group B). After testing for both groups, the
2. The probability of one ball being black and the other pr =
× = probability of “a positive result” for group A is 1% and is 6% for
being white: 10 9 9 group B. If a person gets “a positive result”, what is a probability
that she/he did not take the vaccine?
4 58 48 2 4 32 Let's denote the events as follows: 𝑉: A person is vaccinated
P ( 1 )=P ( ( B1 ∩W 2 ) ∪ ( W 1 ∩B 2) )= pb= × + × =× = (group A). ¬ 𝑉: A person is not vaccinated (group B). 𝑃: A person
14 10 9 913 91
13 14 gets a positive result.
5 5 5
( )
3. The probability of both balls being white:
8 7 28 prb =2 × × =
P (−2 )=P ( W 1 ∩W 2 ) = × = 10 9 9
14 13 91 a. Expected value (E):
4. The probability of one ball is black and the other is
orange:
E=¿
b. The variance of the amount one wins can be
computed by the standard expression for variance in
term of expectations. Specifically we have
× ( W=)=E [ W ]−E [ W ]
4 2 2 4 8 2 2
P ( 2 )=P ( ( B1 ∩O 2 ) ∪ ( O 1 ∩ B2 ) ) = × + Var
14 13 Now
14using13 91from part a above we see that
the results
4 2 5 82
E [ W ] = ( 1.1 ) + (−1.0 ) =
5. The probability of one ball is white and the other is 2 2
orange:
9 9 75
So that

( )
2
82 1 49
Var ( W )= − =
75 15 45
Q50. When coin 1 is flipped, it lands on heads with probability .4;
when coin 2 is flipped, it lands on heads with probability .7. One
of these coins is randomly chosen and flipped 10 times.

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