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.
Number of Hours Frequency
1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
250
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. What is the probability that a car would be parked for more than 6 hours? What is the probability that a car would be parked for 3 hours or less?
Step by Step Answer:
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen