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 PersonsRent-ControlledRent-Stabilized 10.610.41 20.270.30 30.070.14 40.040.11 50.010.03 60.000.01 What is the expected value of the number of persons living in each type of unit?

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Answered: What is the expected value of the…

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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

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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