Question

A campus finance officer finds that, for all parking tickets issued, fines are paid for 78% of the tickets. The fine is $2. In the most recent week, 620 parking tickets have been issued.
a. Find the mean and standard deviation of the number of these tickets for which the fines will be paid.
b. Find the mean and standard deviation of the amount of money that will be obtained from the payment of these fines.


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  • CreatedJuly 07, 2015
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