When parking a car in a downtown parking lot, drivers pay according to the number of hours or fraction thereof. The probability distribution of the number of hours cars are parked has been estimated as follows: X 1 P(X0.2010.136 0.111 0.0990.051 0.022 0.024 0.356 3 4 5 6 7 2 A. Mean = B. Standard Deviation

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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When parking a car in a downtown parking lot,
drivers pay according to the number of hours or
fraction thereof. The probability distribution of
the number of hours cars are parked has been
estimated as follows:
2 3
4 5 6
7 8
X
1
P(X)0.2010.136 0.111 0.099 0.051 0.022 0.024 0.356
A. Mean =
B. Standard Deviation =
The cost of parking is 3.5 dollars per hour.
Calculate the mean and standard deviation of
the amount of revenue each car generates.
A. Mean =
B. Standard Deviation =
Transcribed Image Text:When parking a car in a downtown parking lot, drivers pay according to the number of hours or fraction thereof. The probability distribution of the number of hours cars are parked has been estimated as follows: 2 3 4 5 6 7 8 X 1 P(X)0.2010.136 0.111 0.099 0.051 0.022 0.024 0.356 A. Mean = B. Standard Deviation = The cost of parking is 3.5 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = B. Standard Deviation =
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