Question

The number of drilling rig accidents in a year can be modelled as a Poisson random...

The number of drilling rig accidents in a year can be modelled as a Poisson random
variable. Suppose that the expected number of serious accidents per year (for a certain
oil company) is λ =5. Find the probability that exactly 2 accidents will happen this year.

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Answer #1

Let X be the random variable that denote number of accidents per year (for the oil company mentioned in the question)

X follows poisson distribution with \small \lambda = 5 (mean)

Pmf of poisson distribution is :

\small \frac{\lambda^{x}e^{-\lambda}}{x!}

here we want the probability of exactly 2 accident occuring this year so, X = 2

\small P(X=2)=\frac{\lambda^{2}e^{-\lambda}}{2!}=\frac{5^{2}e^{-5}}{2!}=0.0842

Answer: The probability that exactly 2 accidents will happen this year is 0.0842

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