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 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 = 16.434 X 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 ⠀

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