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What is the probability of a fatal accident over a lifetime

Question: The probability is 1 in 4,000,000 that a single auto trip in the United States will result in a fatality. Over a lifetime, an average U.S. driver takes 50,000 trips.

(a) What is the probability of a fatal accident over a lifetime? Show steps of formula calculations.

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Accounting Basics: What is the probability of a fatal accident over a lifetime

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Accounting Basics: What is the probability of a fatal accident over a lifetime

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