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: X 1 2 3 4 5 6 7 8 P(X) 0.222 0.138 0.123 0.084 0.064 0.039 0.031 0.299 A. Mean = B. Standard Deviation = The cost of parking is 3.75 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = B. Standard Deviation =
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: X 1 2 3 4 5 6 7 8 P(X) 0.222 0.138 0.123 0.084 0.064 0.039 0.031 0.299 A. Mean = B. Standard Deviation = The cost of parking is 3.75 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = B. Standard Deviation =
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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:
X | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
P(X) | 0.222 | 0.138 | 0.123 | 0.084 | 0.064 | 0.039 | 0.031 | 0.299 |
A. Mean =
B. Standard Deviation =
The cost of parking is 3.75 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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