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...


When parking a car in a downtown parking lot, drivers pay according to the number of hours or fraction thereof. The probability<br>distribution of the number of hours cars are parked has been estimated as follows:<br>1<br>P(X) 0.208 0.135 0.123 0.0910.058 0.03 0.04 0.315<br>2<br>3<br>4<br>5 6 7<br>8<br>A. Mean =<br>B. Standard Deviation =<br>The cost of parking is 2 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates.<br>A. Mean =<br>B. Standard Deviation =<br>

Extracted text: 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: 1 P(X) 0.208 0.135 0.123 0.0910.058 0.03 0.04 0.315 2 3 4 5 6 7 8 A. Mean = B. Standard Deviation = The cost of parking is 2 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates. A. Mean = B. Standard Deviation =

Jun 08, 2022
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