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: 1 2 3 4 5 7 8 P(X 0.208 0.135 0.123 0.091 0.058 0.03 0.04 0.315 A. Mean = B. Standard Deviation = The cost of parking is 2 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean B. Standard Deviation =

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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:
1
P(X) 0.208 0.135 0.123 0.0910.058 0.03 0.04 0.315
2
3
4
5 6 7
8
A. Mean =
B. Standard Deviation =
The cost of parking is 2 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates.
A. Mean =
B. Standard Deviation =
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: 1 P(X) 0.208 0.135 0.123 0.0910.058 0.03 0.04 0.315 2 3 4 5 6 7 8 A. Mean = B. Standard Deviation = The cost of parking is 2 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = B. Standard Deviation =
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