The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 250 customers
Question:
The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 250 customers on the number of hours cars are parked and the amount they are charged.
a. Convert the information on the number of hours parked to a probability distribution. Is this a discrete or a continuous probability distribution?
b. Find the mean and the standard deviation of the number of hours parked. How would you answer the question: How long is a typical customer parked?
c. Find the mean and the standard deviation of the amount charged.
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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