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 2 3 4 5 6 7 8 P(X) 0.219 0.105 0.121 0.099 0.055 0.021 0.025 0.355 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
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 2 3 4 5 6 7 8 P(X) 0.219 0.105 0.121 0.099 0.055 0.021 0.025 0.355 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
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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