Question: *******Please solve Var(x) and Var (y) for B and D, I have already answered the rest The American Housing Survey reported the following data on

*******Please solve Var(x) and Var (y) for B and D, I have already answered the rest

The American Housing Survey reported the following data on the number of bedrooms in owner-occupied and renter-occupied houses in central cities.

Number of Houses (1000s)
Bedrooms Renter-Occupied Owner-Occupied
0 546 21
1 5,112 541
2 6,100 3,832
3 2,544 8,690
4 or more 558 3,783

Round your answers to two decimal places.

a. Ifx= number of bedrooms in renter-occupied houses and develop a probability distribution for the random variable. (Letx= 4 represent 4 or more bedrooms.)

x f(x)
0 0.04
1 0.34
2 0.41
3 0.17
4 0.04
Total 1.00

b. Compute the expected value and variance for the number of bedrooms in renter-occupied houses.

Total
E(x) 1.83
Var(x) ???

c. Ify= number of bedrooms in owner-occupied houses and develop a probability distribution for the random variable. (Lety= 4 represent 4 or more bedrooms.)

y f(y)
0 0
1 0.03
2 0.23
3 0.52
4 0.22
Total 1

d. Compute the expected value and variance for the number of bedrooms in owner-occupied houses.

Total
E(y) 2.93
Var(y) ???????

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!