The cost of parking is 35 dollars per hour calculate the

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When parking a car in a downtown parking lot, drivers pay according to the number of hours or fraction thereof. The probability distribution of the number of hours cars are parked has been estimated as follows:

X 1 2 3 4 5 6 7 8
P(X) 0.217 0.117 0.105 0.097 0.052 0.021 0.038 0.353

A. Mean =

B. Standard Deviation =

The cost of parking is 3.5 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates.

A. Mean =

B. Standard Deviation =

Reference no: EM13642636

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