The Probability of a Randomly Selected Car Crashing During a Year

question 22

Essay

The probability of a randomly selected car crashing during a year is 0.0423 (based on data from the Statistical Abstract of the United States). If a family has three cars, find the
probability that at least one of them has a crash during the year. Is there any reason why
this probability might be wrong?

---

Definitions:

Universalism

The ethical concept that some principles or values are universally applicable and must be respected across all cultures and situations.

International Business

Commercial activities that involve transactions of goods, services, or resources between companies or consumers across national borders.

Social Responsibility

The obligation of an organization to act in ways that benefit society at large, beyond its own interests.

Ethical Standards

Principles that guide the behavior of individuals and organizations, ensuring actions are morally right and respectful towards others.