In: Statistics and Probability
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 | |
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)