When parking a car in a downtown parking lot, driverspay according to the number of hours or fraction thereof.The probability distribution of the number of hours carsare parked has been estimated as follows:X 1 23 4 5 6 7 8P(X) 0.219 0.105 0.121 0.099 0.055 0.021 0.025 0.355A. Mean ==B. Standard Deviation =The cost of parking is 3.5 dollars per hour. Calculate themean and standard deviation of the amount of revenueeach car generates.A. Mean =B. Standard Deviation =

The probability distribution of the number of hours cars are parked has been estimated as follows:…

Answered: When parking a car in a downtown…

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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Similar questions

II. NORMAL PROBABILITY DISTRIBUTION a. The selling prices of home in a certain community is such that it follows a normal distribution with mean (mu) = $276,000 and sigma = $32,000. b. Calculate the probability that the selling price of the next house in the community will be between $276,000 and $325,000.
Rental car transaction times are uniformly distributed between 15 and 35 minutes. a. P( transaction takes less than 20 minutes) b. P(transaction takes more than 29 minutes) c. P( transaction takes between 18 and 30 minutes) d. P(transaction takes exactly 19 minutes) e. What is the mean transaction time? f. Determine the standard deviation.
Suppose that the distance of fly balls hit to the outfield (in baseball) is normally distributed with a mean of 268 feet and a standard deviation of 43 feet. Let X be the distance in feet for a fly ball. a. What is the distribution of X? X - N( b. Find the probability that a randomly hit fly ball travels less than 219 feet. Round to 4 decimal places. c. Find the 75th percentile for the distribution of distance of fly balls. Round to 2 decimal places. feet
Private nonprofit four-year colleges charge, on average, $26,375 per year in tuition and fees. The standard deviation is $6,685. Assume the distribution is normal. Let X be the cost for a randomly selected college. Round all answers to 4 decimal places where possible. a. What is the distribution of X? X - N( b. Find the probability that a randomly selected Private nonprofit four-year college will cost less than 24,855 per year. c. Find the 80th percentile for this distribution. $ (Round to the nearest dollar.)
Private nonprofit four-year colleges charge, on average, $26,168 per year in tuition and fees. The standard deviation is $6,656. Assume the distribution is normal. Let X be the cost for a randomly selected college. Round all answers to 4 decimal places where possible. a. What is the distribution of X? X - N( b. Find the probability that a randomly selected Private nonprofit four-year college will cost less than 24,347 per year. c. Find the 74th percentile for this distribution. $ (Round to the nearest dollar.)
Given a normal probability distribution with a mean of 9% and a standard deviation of 4%, what is the probability of observing a value between 2% and 14%? Use the following Z-score data is from the HP calculator: Z-Score -2.00 -1.75 -1.50 -1.25 -1.00 0.00 1.00 1.25 1.50 1.75 2.00 Probability 0.0228 0.0401 0.0668 0.1056 0.1587 0.5000 0.8413 0.8944 0.9332 0.9599 0.9772 Answer in decimal format, to 3 decimal places, truncated. For example, if your answer is 33.46%, enter 0.334.
Suppose a sample of O-rings was obtained and the wall thickness (in inches) of each was recorded. Use a normal probability plot to assess whether the sample data could have come from a population that is normally distributed. 0.163 0.182 0.194 0.211 0.224 0.225 0.233 0.243 0.251 0.259 0.271 0.273 0.295 0.307 0.317 0.340 Click here to view the table of critical values for normal probability plots. Click here to view page 1 of the standard normal distribution table. Click here to view page 2 of the standard normal distribution table. Using the correlation coefficient of the normal probability plot, is it reasonable to conclude that the population is normally distributed? Select the correct choice below and fill in the answer boxes within your choice. (Round to three decimal places as needed.) A. No. The correlation between the expected z-scores and the observed data, normal population. does not exceed the critical value, Therefore, it is not reasonable to conclude that the data come from…
Please also find the variance, standard deviation.
What is the probability of randomly selecting a z-score less than z = –1.25 from a normal distribution? Question options: a. 0.2112 b. 0.1056 c. 0.8944 d. 0.3944

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