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B. Standard Deviation = 2.8532 The cost of parking is 3.25 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = 14.342 B. Standard Deviation = 12.5911716

B. Standard Deviation = 2.8532 The cost of parking is 3.25 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = 14.342 B. Standard Deviation = 12.5911716

MATLAB: An Introduction with Applications
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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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: A. Mean = 4.413 B. Standard Deviation = 2.8532 Tr TTT X 12 1 2 3 4 5 6 7 8 P(X) 0.235 0.123 0.121 0.091 0.05 0.023 0.039 0.318 The cost of parking is 3.25 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = 14.342 B. Standard Deviation = 12.5911716 ●
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: A. Mean = 4.413 B. Standard Deviation = 2.8532 Tr TTT X 12 1 2 3 4 5 6 7 8 P(X) 0.235 0.123 0.121 0.091 0.05 0.023 0.039 0.318 The cost of parking is 3.25 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = 14.342 B. Standard Deviation = 12.5911716 ●
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