1. Convert the information on the number of hours parked to a probability distribution. 2. Find the mean of the number of hours parked. How would you answer the question: How long is a typical customer parked? 3. Find the mean of the amount charged. 4. Find the variance and standard deviation of the number of hours.
1. Convert the information on the number of hours parked to a probability distribution. 2. Find the mean of the number of hours parked. How would you answer the question: How long is a typical customer parked? 3. Find the mean of the amount charged. 4. Find the variance and standard deviation of the number of hours.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
Please answer the following question on Excel. Thank you
Transcribed Image Text:The Old Town Pasadena parking
reported the following information for a sample of 250 customers
on the number of hours cars are parked and the amount they are charged
Amount Charged
Number of Hours
1
2
3
4
5
6
7
8
Frequency
20
38
53
45
40
13
5
36
250
1. Convert the information on the number of hours parked
to a probability distribution.
$3.00
4. Find the variance and standard deviation of the number
of hours.
6
9
5. Find the variance and standard deviation of the amount charged
2 4 16 18 20
12
2. Find the mean of the number of hours parked.
How would you answer the question: How long is a typical customer parked?
3. Find the mean of the amount charged.
14
Expert Solution
Step 1
Given that,
The data on no. of hours cars are parked and the amount they are charged for 250 customers.
Let X be the random variable that no. of hours are parked.
Y is the random variable that amounts charged.
The frequency distribution of the variables is given.
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