The risk of an accident - fatal or otherwise - is not constant over a person's lifetime. Young and inexperienced drivers or elderly drivers with slower reflexes, for example, are at higher risk. Also, different age groups make different numbers of road trips. In real life, therefore, it is quite unreasonable to extrapolate the 1 fatal accident in 4 million trips to 50,000 trips.
Overall, the probability is very close to 0.
No.
One out of every four people will be ina car accident in their lifetime. Your chances of dieing in a car accident are 1 out of every 140 people.
Consider a perfectly 'fair' die. The probability of throwing a two with it is 1 out of six. In fact, if you were to throw this die 1200 times you would expect the die to come up two very nearly 200 times. No matter what the actual frequency, n, might be though you would say that the relative frequency was n/1200. We would rarely speak of subjective frequency. Rather we would speak of subjective probability. Suppose you are a meteorologist attempting to convey your 'degree of belief' about whether a six-centimetre snowfall will occur this evening. There is no question that this afternoon's conditions will occur 1200 times again (at least not in your own lifetime) so that you can use a frequency approach. But you can use you own experience and knowledge of weather patterns to offer some indication of your degree of belief. You do this by saying something like, "I predict that there is a 60% probability that there will be a snowfall this evening in our region this evening." I've seen statisticians become very angry with each other over these alternative definitions of probability.
Not in your lifetime.
Overall, the probability is very close to 0.
Time-Probability Graph
A graph comparing the income a consumer makes over a lifetime with the expenses over a lifetime.
No.
No.
time-probability profile:)
graph
No.
A Time-Probability Profile- NovaNet :]]
The probability of that event, some time during your lifetime, is pretty close to 1.
I doubt it. The probability of being hit by a meteorite in your lifetime is estimated at about 1 in 700,000.
Time Probability Profile NovaNet