The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 250 customers

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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  book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

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