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: A. Mean=

B. Standard Deviation=

The cost of parking is 5 dollars per hour. Calculate the mean and standard deviation of the amount of revenue each car generates.

A. Mean=

B. Standard Deviation

col1 X 1 2 3 4 5 6 7 8

col2 P(X) 0.229 0.113 0.114 0.076 0.052 0.027 0.031

0.358