I'm not sure if my answer is correct and wondered if someone here could clarify.
Part 1) Assuming only one emergency can happen in one year on a ship. What is the probability of a ship experiencing one emergency situation that lasted for 30 mins happening during the ship’s one year of operation?
Formula: Probability = one instance event / total number of possible.
Answer: Probability of experiencing one (30mins)emergency situation in a year = one such event x 0.5hours / (365days x 24hours) = 0.000057 or a chance of 0.0057 %
Is my calculation correct? Or should i rephrase the question.
Part 2) Not all emergency situation will result in an accident. If the likelihood of recovering from an emergency situation is 99% and only 1% will result into an accident, what is the probability of an accident in part 1 situation:
Answer: Probability of an accident happening in an emergency situation in a year = 0.000057 x 0.01 = 0.00000057
Is the calculation correct?
Part 1) Assuming only one emergency can happen in one year on a ship. What is the probability of a ship experiencing one emergency situation that lasted for 30 mins happening during the ship’s one year of operation?
Formula: Probability = one instance event / total number of possible.
Answer: Probability of experiencing one (30mins)emergency situation in a year = one such event x 0.5hours / (365days x 24hours) = 0.000057 or a chance of 0.0057 %
Is my calculation correct? Or should i rephrase the question.
Part 2) Not all emergency situation will result in an accident. If the likelihood of recovering from an emergency situation is 99% and only 1% will result into an accident, what is the probability of an accident in part 1 situation:
Answer: Probability of an accident happening in an emergency situation in a year = 0.000057 x 0.01 = 0.00000057
Is the calculation correct?