Question

A company has a fleet of 200 vehicles. On average, 50 vehicles per year experience property damage. What is the probability that any vehicle will be damaged in any given year? Hint: Don't over-analyze; just apply arithmetic.

Answer 1

Answer:

The probability is $\frac{1}{4}$ or 25%

Step-by-step explanation:

The question states the total number of vehicles, as well as the number of damaged vehicles on a yearly basis. If 50 vehicles in every 200 vehicles per year are damaged, then we can obtain:

Probability of a damaged vehicle in any given year = $\frac{Number of Damaged Vehicles}{Total Number of Vehicles}$

= $\frac{50}{200}$ = $\frac{1}{4}$ or 25%