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: 4 5 6. 7 8 P(X) 0.232 0.102 0.113 0.079 0.059 0.04 0.032 0.343 A. Mean = 4.594 B. Standard Deviation = ..- %3D The cost of parking is 4.25 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = 867 -.. B. Standard Deviation %D

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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
6 7
3
4
P(X) 0.232 0.102 0.113 0.079 0.059 0.04 0.032 0.343
A. Mean = 4.594
B. Standard Deviation =
%3D
The cost of parking is 4.25 dollars per hour. Calculate the mean and standard deviation of
the amount of revenue each car generates.
A. Mean = 867
B. Standard Deviation =
%3D
2.
Transcribed Image Text:(1 point) 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 6 7 3 4 P(X) 0.232 0.102 0.113 0.079 0.059 0.04 0.032 0.343 A. Mean = 4.594 B. Standard Deviation = %3D The cost of parking is 4.25 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = 867 B. Standard Deviation = %3D 2.
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