The occurrence of traffic accidents at an intersection may be modeled as a Poisson process. Based on historical records the average rate of accidents is once every 6 years. Part 1 What is the probability that there will be no accidents at the intersection for a period of 3 years? (Answer correct to 3 decimal places.) number (rtol=0.001, atol=D0.001) Part 2 Suppose that in every accident at the intersection, there is a 5% probability of fatality. Based on the above Poisson model what is the probability of one traffic fatality at this intersection in a period of 3 years? (Answer correct to 3 decimal places.) Hint: Note that here you need to find the mean rate of fatalities per year, first. number (rtol=0.001, atol=0.001)

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
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The occurrence of traffic accidents at an intersection may be modeled as a Poisson process. Based on
historical records the average rate of accidents is once every 6 years.
Part 1
What is the probability that there will be no accidents at the intersection for a period of 3 years?
(Answer correct to 3 decimal places.)
number (rtol=0.001, atol=D0.001)
Part 2
Suppose that in every accident at the intersection, there is a 5% probability of fatality. Based on the
above Poisson model what is the probability of one traffic fatality at this intersection in a period of 3
years? (Answer correct to 3 decimal places.)
Hint: Note that here you need to find the mean rate of fatalities per year, first.
number (rtol=0.001, atol=D0.001)
Transcribed Image Text:The occurrence of traffic accidents at an intersection may be modeled as a Poisson process. Based on historical records the average rate of accidents is once every 6 years. Part 1 What is the probability that there will be no accidents at the intersection for a period of 3 years? (Answer correct to 3 decimal places.) number (rtol=0.001, atol=D0.001) Part 2 Suppose that in every accident at the intersection, there is a 5% probability of fatality. Based on the above Poisson model what is the probability of one traffic fatality at this intersection in a period of 3 years? (Answer correct to 3 decimal places.) Hint: Note that here you need to find the mean rate of fatalities per year, first. number (rtol=0.001, atol=D0.001)
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