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Mathematics, 05.05.2020 03:33 cycy24

The City of Chicago is deciding whether to install a stoplight or a stop sign at a very dangerous intersection. Every time a car goes through the intersection, it either is safe, gets in a minor accident, or gets in a major accident. The stoplight would often prevent crashes and make them less costly if they did occur. The City of Chicago performs 1000 10001000 simulations of a car going through the intersection with a stoplight and with a stop sign. Once they decide whether to install a stoplight or a stop sign, they expect 10 , 000 10,00010, comma, 000 cars to travel through the intersection in the next year. What is the expected damage at this intersection in the next year if the City of Chicago installs a stoplight? $ $dollar sign What is the expected damage at this intersection in the next year if the City of Chicago installs a stop sign?

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