# Question: A campus finance officer finds that for all parking tickets

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.

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.

## Answer to relevant Questions

A company receives a very large shipment of components. A random sample of 16 of these components will be checked, and the shipment will be accepted if fewer than 2 of these components are defective. What is the probability ...Determine the probability of fewer than 6 successes for a random variable with a Poisson distribution with parameter λ = 3.4. A corporation has 250 personal computers. The probability that any 1 of them will require repair in a given week is 0.01. Find the probability that fewer than 4 of the personal computers will require repair in a particular ...A company receives a shipment of 16 items. A random sample of 4 items is selected, and the shipment is rejected if any of these items proves to be defective. a. What is the probability of accepting a shipment containing 4 ...Consider the joint probability distribution: a. Compute the marginal probability distributions for X and Y. b. Compute the covariance and correlation for X and Y. c. Compute the mean and variance for the linear function W = ...Post your question