What is the expected value of the number of persons living in each type of unit?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The New York City Housing and Vacancy Survey showed a total of 59,324 rent-controlled housing units and 236,263 rent-stabilized units built in 1947 or later. For these rental units, the probability distributions for the number of persons living in the unit are given (U.S. Census Bureau website, January 12, 2004). | ||||
Number of Persons | Rent-Controlled | Rent-Stabilized | ||
1 | 0.61 | 0.41 | ||
2 | 0.27 | 0.30 | ||
3 | 0.07 | 0.14 | ||
4 | 0.04 | 0.11 | ||
5 | 0.01 | 0.03 | ||
6 | 0.00 | 0.01 |
What is the
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