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When parking a car in a downtown parking lot drivers pay according to the number of hours or parts thereof. The probability distribution of the number of hours cars are parked has been estimated as

When parking a car in a downtown parking lot, drivers pay according to the number of hours or parts thereof. The probability distribution of the number of hours cars are parked has been estimated as follows. x 12345678 P(x) .24 .18 .13 .10 .07 .04 .04 .20 Find the mean and standard deviation of the number of hours cars are parked in the lot. 7.33 Refer to Exercise 7.32. The cost of parking is $2.50 per hour. Calculate the mean and standard deviation of the amount of revenue each car generates

Jun 22 2020 View more View Less

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