Question

In: Statistics and Probability

The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 231...

The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 231 customers on the number of hours cars are parked and the amount they are charged.

Number of Hours Frequency Amount Charged
1 19 $ 3
2 35 8
3 48 13
4 42 16
5 35 20
6 16 24
7 5 27
8 31 30
  
231
  

Find the mean and the standard deviation of the number of hours parked. (Do not round intermediate calculations. Round your final answers to 3 decimal places.)

  
  
  Mean   
  Standard deviation   
1

How long is a typical customer parked? (Do not round intermediate calculations. Round your final answers to 3 decimal places.)

  
  The typical customer is parked for hours
2

Find the mean and the standard deviation of the amount charged. (Do not round intermediate calculations. Round your final answers to 3 decimal places.)

  
  
3.Mean   
4.Standard deviation   

Solutions

Expert Solution

dividing each value with total value of 231:

Hours probability
4 0.082
6 0.152
9 0.208
13 0.182
14 0.152
16 0.069
18 0.022
22 0.134
x P(x) xP(x) x2*P(x)
1 0.082 0.082 0.082
2 0.152 0.304 0.608
3 0.208 0.624 1.872
4 0.182 0.728 2.912
5 0.152 0.760 3.800
6 0.069 0.414 2.484
7 0.022 0.154 1.078
8 0.134 1.072 8.576
4.138 21.412
E(x) =μ= ΣxP(x) = 4.138
E(x2) = Σx2P(x) = 21.412
Var(x)=σ2 = E(x2)-(E(x))2= 4.289
std deviation=         σ= √σ2 = 2.071

Mean =4.138 (please try 4.134 if this comes wrong and reply)

  Standard deviation =2.071 (please try 2.075 if this comes wrong and reply)

1)

How long is a typical customer parked =4.138 (please try 4.134 if this comes wrong and reply)

2)

Mean =16.388 (please try 16.372 if this comes wrong and reply)

  Standard deviation =7.799 (please try 7.817 if this comes wrong and reply)


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