A transit system divides the region it serves into five fare zones. A survey of patrons was undertak
Question: A transit system divides the region it serves into five fare zones. A survey of patrons was undertaken to study system use. The following table summarizes the results.
Zone Fare Percentage
1 Free 17.5
2 1.50 18.5
3 2.00 21.5
4 2.50 24.7
5 3.00 17.8
Find the following:
a) The mean fare of this system (7 points)
b) The variance of the appropriate probability distribution (10 points)
c) The standard deviation of the appropriate probability distribution (3 points).
Price: $2.99
Answer: The solution file consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document
