When parking a car in a downtown parking lot, driverspay according to the number of hours or fractionthereof. The probability distribution of the number ofhours cars are parked has been estimated as follows:X 1 2 3 4 5 6 78P(X) 0.22 0.139 0.102 0.077 0.06 0.034 0.022 0.346Please give your answers to at least 4 decimal places.A. Mean: =4.538B. Standard Deviation =The cost of parking is 4 dollars per hour. Calculate themean and standard deviation of the amount of revenueeach car generates.A. Mean =B. Standard Deviation =IIIJu

Answered: Image /qna-images/answer/399356fc-2985-40cf-8204-56c26f486ff9.jpg

Answered: When parking a car in a downtown…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Name: Mean, Variance, and Expectation 1. From past experience, a company has found that in carton of transistors, 92% contain no defective transistors, 3% contain one defective transistor, 3% contain two defective transistors, and 2% contain three defective transistors. a. Construct a probability distribution below. P(X) b. Calculate the mean, variance, and standard deviation for the defective transistors. = O =
3. Waiting times to receive food after placing an order at the local Subway sandwich shop follow an exponential distribution with a mean of 60 seconds. Calculate the probability a customer waits: a. Less than 30 seconds. b. More than 120 seconds. c. Between 45 and 75 seconds.
Complete the following probability distribution table: Probability Distribution Table X P(X) −5-5 0.5 33 6060 0.1 7979 0.3
None
Note: Please answer this question, correctly. Thank you
A percentage distribution is given on the right for the size of families in one U.S. city. A family is selected at random. Find the probability that the size of the family is at most 3. Size Percentage 52.2 23.7 4 12.8 7.1 6. 2.5 7+ 1.7 O A. 0.759 O B. 0.237 O C. 0.241 O D. 0.522
Complete the following probability distribution table: Probability Distribution Table P(X) - 6 0.2 - 5 0.1 39 0.4 78
The probability histogram to the right represents the number of live births by a mother 47 to 51 years old who had a live birth in 2012. 0.30- 0.267 0.25- 0.233 0.20- -0.172 0.15- 0.112 0.094 0.10- 0.057 0.05- 0.028 0.037 0.00- 1 4 6 7 8 Child (a) What is the probability that a randomly selected 47- to 51-year-old mother who had a live birth in 2012 has had her fourth live birth? |(Type an integer or a decimal.) (b) What is the probability that a randomly selected 47- to 51-year-old mother who had a live birth in 2012 has had her fourth or fifth live birth? | (Type an integer or a decimal.) (c) What is the probability that a randomly selected 47- to 51-year-old mother who had a live birth in 2012 has had her sixth or more live birth? | (Type an integer or a decimal.) (d) If a 47- to 51-year-old mother who had a live birth in 2012 is randomly selected, how many live births would you expect the mother to have had? (Round to one decimal place as needed.) Probability 3-
We have provided a normal probability plot of data from a sample of a population. In each case, assess the normality of the variable under consideration.
Title Consider the following probability distribution for y = the number of broken eggs in a carton: a.... Description Consider the following probability distribution for y = the number of broken eggs in a carton: y 0 1 2 3 4 p(y) 0.65 0.20 0.10 0.04 0.01 a. Calculate and interpret µy. b. In the long run, for what percentage of cartons is the number of broken eggs less than µy? Does this surprise you? c. Why doesn’t Explain. µy=(0+1+2+3+4)/5=2.0?
Bill has purchased the insurance policy from an insurance company to cover the value of his new RV in case if it gets totaled for the price of $1300 per year. Bill's RV worth $38000 and the probability of him totaling the RV during the length of the policy is estimated to be 0.1%. Let X be the insurance company's profit. Answer the following questions: 1. Create the probability distribution table for X: X outcome profit x ,$ P(X=x) RV is totaled RV is not totaled 2. Use the probability distribution table to find the following: E[X]=μX= dollars. (Round the answer to 1 decimal place.) SD[X]=σX= dollars. (Round the answer to 1 decimal place.)
Find the mean, variance and standard deviation for the probability distribution given below: X -4 6 8 10 P(X) 0.57 0.111 0.21 0.109 A. Mean = B. Variance = C. Standard Deviation =

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS