[Solution Library] Ontario Apartments has a large number of units available to rent each month. A concern of management is the number of vacant apartments
Question: Ontario Apartments has a large number of units available to rent each month. A concern of management is the number of vacant apartments each month. A recent study revealed the percent of the time that a given number of apartments are vacant. Compute the mean and standard deviation of the number of vacant apartments.
Number of
Vacant Units Probability
0 .1
1 .4
2 .2
3 .2
4 .1
MEAN :
Std. Dev:
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