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

Answer 1

0.25 To solve this problem, you simply need to divide the average number of vehicles damaged per year by the total fleet size. You have 200 vehicles and on average 50 are damaged, so divide 50 by 200. 50 / 200 = 0.25 So there's a 25% chance that any given vehicle in your fleet will be damaged in any given year.