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  • CBE9185Risk+Assessment Assignment 4

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    In 2003 there were 6. Million automobile accidents: 1 in 3 of such of such accidents resulted in injury, and 1 in 165 resulting in death. Assuming average loss of US$ 450,000 per death and US$ 25000 of property damage for accidents involving fatality, Calculate the total monetary risk of automobile accidents per driver in the U.S.

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    In 2003 there were 6. Million automobile accidents: 1 in 3 of such of such accidents resulted in injury, and 1 in 165 resulting in death. Assuming average loss of US$ 450,000 per death and US$ 25000 of property damage for accidents involving fatality, Calculate the total monetary risk of automobile accidents per driver in the U.S.

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    25 views1 page

    CBE9185Risk+Assessment Assignment 4

    Uploaded by

    daoud saleem
    In 2003 there were 6. Million automobile accidents: 1 in 3 of such of such accidents resulted in injury, and 1 in 165 resulting in death. Assuming average loss of US$ 450,000 per death and US$ 25000 of property damage for accidents involving fatality, Calculate the total monetary risk of automobile accidents per driver in the U.S.

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    Western University

    Faculty of Engineering DEPARTMENT OF CHEMICAL AND BIOCHEMICAL ENGINEERING CBE 9185 - RISK ASSESSMENT AND MANAGEMENT IN ENGINEERING SYSTEMS Assignment #4 Question1:
    According to Department of transportation in 2003 there were 6.3 million automobile accidents: 1 in 3 of such of such accidents resulted in injury, and 1 in 165 resulting in death. Assuming average loss of US$ 450,000 per death and US$ 25000 of property damage for accidents involving fatality; average loss of US$ 15000 of property loss for all other accidents involving injury average property loss 3000 for other accidents Calculate the total monetary risk of automobile accidents per driver in the U.S. assume that the U.S. population exposed to automobile accidents is 250 million

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