A company has started operations in a new subdivision. Records were kept on the numbers of riders on one bus route durin
Posted: Mon Sep 06, 2021 7:12 am
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A company has started operations in a new subdivision. Records were kept on the numbers of riders on one bus route during the early morning weekday service. The number of riders and their proportions are given below- Number of riders 30,31,32,33,34,35,36,37 Proportion (respectively) 0.02,0.12,0.23,0.31,0.19,0.08,0.03,0.02 1. Find the mean of the number of riders from this subdivision on this service on a weekday. 2. Find the standard deviation of the number of riders from this subdivision on this service on a weekday if the cost of a ride is $2.50, (ans next two parts based on this) 3. find the mean of the total payments of riders from this subdivision on this service on a weekday. 4. find the standard deviation of the total payments of riders from this subdivision on this service on a weekday.