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Hi All, I would like to know if the method I’m using to calculate a probability based on an occurrence rate is correct or if there is a better method to use. Here is some context to give you an idea of what I’m working with: I am looking at determining the probability of a fatal accident...

Hey all, I'm trying to do some statistical analysis and am hitting a wall with how to approach it. *This is not for a homework problem, it is my own personal research* Say I have a historical statistical rate of occurrence of X occurrences per 100,000 hours. (I'm still trying to figure out the...