In 2007 Hale Industries Had 16 Work-Related Injuries and Illnesses

question 4

Multiple Choice

In 2007 Hale Industries had 16 work-related injuries and illnesses. It has 120 employees who work 40-hour weeks, with two weeks of vacation each year. The employees work no overtime. Total hours of worked lost during 1997 was 11,264. Two employees were killed in an on-the-job accident. Calculate the frequency rate.

• A) .677.5
• B) 9.38
• C) 13.33
• D) 37.5
• E) 66.67

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Definitions:

Maximin Strategy

In game theory, a strategy chosen to maximize the minimum gain that can be earned.

Equilibrium

A state where market supply and demand balance each other, and as a result, prices become stable.

Price-Leadership Model

A market situation where one dominant company sets the price of goods or services within an industry and other companies follow suit.

Nash Equilibrium

In game theory, the result of all players’ playing their best strategy given what their competitors are doing.