Accountancy, asked by laiba15, 7 months ago

automobiles are randomly distributed with an average spacing of 1000 feet along a highway the probability that at least two cars are present in 1000 feet interval selected at random​

Answers

Answered by vidyapradiptandel196
2

Answer:

If the probability of observing a car in 30 minutes on a highway is 0.95, what is the probability of observing a car in 10 minutes (assuming constant default probability)?

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7 Answers

Nehal Amin, Mathematics and Computing,IIT Kgp

Answered June 1, 2018

For curiosity, I saw other solutions and found that everyone is solving via probability of not observing a car in 10 minutes.

Let's answer it in a straight way.

**Assumption**: Considering Probability of observing a car in any given non-overlapping time interval of equal length are equal and independent. **Reason:** Question clearly states "assuming constant default probability"

Let 'p' be the probability of observing a car in any 10 minutes interval.

Now let's generate the probability of observing a car in 30 minutes, let it be P(30).

Let's divide 30 minutes time interval into three 10 minutes int

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Other Answers

Tarun Malviya, former Derivatives Trader

Answered November 9, 2014 · Author has 88 answers and 160.5K answer views

Let say probability is of observing a car in 10 minutes be p, so not observing a car is 1-p

Now, when you say "observing a car" it means seeing at least one car.(This is what I believe meaning of the statement, as I think you stay on the road and wait for a car as soon as you see one you count that trial as positive and do other trials to arrive at value 0.95, this is my model for the problem)

So probabibilty that you see a car in 30 main is 1-(1-p)^3 (again 1-none gives you at least one)

This is given to be 0.95

So, 1-(1-p)^3=0.95

So, 1-p= 0.05^(1/3)

p=1-0.05^(1/3), the required probability

In fact if you divide 30 in n interval you will get 1-(0.05)^(1/n)

P.S. if you take "a car" as one car then you observe only one in 3 10 minute so you get 3*p(1-p)^2=0.95 solve this to get p which is about 1.45 so not possible.

Maximum value of 3p(1-p)^2 is 4/9 in (0,1) so unless you have value for 30 minutes less than this you won't get any solution.

Answered by Anonymous
25

Answer:

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