In India, nearly 17 people per 100000 meet with fatal accident every year( Wikipedia). What is one's chance of survival here?
17 in 100000 can be written as 0.00017 - the probability falling victim to an accident. The probability of 'not falling victim' is 1-0.00017= 0.99983. Again what is your chance of 'not meeting with accident' in your life-time. (say 70 years) = (0.99983)^70 = .9882
What is the chance of falling victim in your life time?(Again reverse the probability)
That is 1-0.9882 = 0.0118 =1/85.
The chance is 1 in 85 for meeting a fatal accident in one's life span in India.
In UAE, there are only 4.4 victims per 100000. If you work out the same calculation, the chance of getting into accident will be very less there.
In the city of Sanpedrosula in Honduras about 160 people per 100000 fall victim to homicide. If you work out in the same way, the chance is 1 in 9. If this remained constant over a time, one may never leave the city. In US, the chance of falling to homicide is 1 in 285.
The statistics attributes value to the event. It helps us to make decisions. And one can take calculated risk. Select safe place and work. stay safe.
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The total or maximum probability is one. Suppose the probability of failure is 0.2. The the probability of success will be 1-0.2 = 0.8
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