Homework Help is Here – Start Your Trial Now!
Math
Statistics
(b) Batu Pahat municipality rents bicycles for public use, which is open for 12 hours a day, has the following fee rates: 5 ringgits per hour for the first 4 hours of rent, and 2 ringgits for each additional hour. After several months the data show that the number of hours of a bicycle rent, denoted X, is a discrete random variable with probability function of: 13-k P(X= k) = 72 0 . . (k=1,2,..., 12) otherwise (1) Estimate the expected parking charge for a bicycle in ringgits under this policy.

(b) Batu Pahat municipality rents bicycles for public use, which is open for 12 hours a day, has the following fee rates: 5 ringgits per hour for the first 4 hours of rent, and 2 ringgits for each additional hour. After several months the data show that the number of hours of a bicycle rent, denoted X, is a discrete random variable with probability function of: 13-k P(X= k) = 72 0 . . (k=1,2,..., 12) otherwise (1) Estimate the expected parking charge for a bicycle in ringgits under this policy.

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
See similar textbooks
icon
Related questions
Question

answer quiclky

(b) Batu Pahat municipality rents bicycles for public use, which is open for 12 hours a day, has the following fee rates: 5 ringgits per hour for the first 4 hours of rent, and 2 ringgits for each additional hour. After several months the data show that the number of hours of a bicycle rent, denoted X, is a discrete random variable with probability function of: 13-k P(X= k) = 72 - . 0 (k = 1,2,..., 12) otherwise (i) Estimate the expected parking charge for a bicycle in ringgits under this policy.
Transcribed Image Text:(b) Batu Pahat municipality rents bicycles for public use, which is open for 12 hours a day, has the following fee rates: 5 ringgits per hour for the first 4 hours of rent, and 2 ringgits for each additional hour. After several months the data show that the number of hours of a bicycle rent, denoted X, is a discrete random variable with probability function of: 13-k P(X= k) = 72 - . 0 (k = 1,2,..., 12) otherwise (i) Estimate the expected parking charge for a bicycle in ringgits under this policy.
Expert Solution
steps

Step by step

Solved in 3 steps with 9 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS