3. (18/222, Expected Value and Variance) The Philippine Housing Survey reported the following data on thenumber of bedrooms in owner-occupied and renter-occupied houses in central cities of the country.E(x) =Var (x) =6x =Bedroomsa. Define a random variable x = number of bedrooms in renter-occupied houses and develop aprobability distribution for the random variable. Let x = 4 represent 4 or more bedrooms. Showtabular computation/solution. Compute the expected value, variance, and standard deviation for thenumber of bedrooms in renter-occupied housesE(y) =01234 or moreVar (y) =Number of Houses (1,000s)Owner-Occupied235413,8328,6903,78316,869Renter-Occupied5475,0126,1002,64455714,860b. Define a random variable y = number of bedrooms in owner-occupied houses and develop aprobability distribution for the random variable. Let y = 4 represent 4 or more bedrooms. Showtabular computation/solution. Compute the expected value, variance, and standard deviation for thenumber of bedrooms in owner-occupied houses.c. What observations can you make from a comparison of the number of bedrooms in renter-occupiedversus owner-occupied homes?3

E(X)= ΣXi*fi/Σfi fi represents the renter-occupied houses. E(X)=…

Answered: 3. (18/222, Expected Value and…

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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