What is the probability of a fatal accident over a lifetime


The probability is 1 in $4,000,000 that a single auto trip in the United States will result in a fatality. Over a lifetime, an average US driver takes 50,000 trips. What is the probability of a fatal accident over a lifetime? Explain your reasoning. Assume independent events. Why might the assumption of independence be violated? Why might a driver be tempted not to use a seat belt “just on this trip?” 

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Business Economics: What is the probability of a fatal accident over a lifetime
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