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The number of people entering a state park is a random variable X with a mean of 3 and a variance of 2. The admission to the park is $6 per car plus an additional $1.50 per person in the car.What is the mean of the total amount of money collected for a car entering the park? Report your answer to two decimal places. Do NOT include a dollar sign ($) when reporting your answer.

Question

The number of people entering a state park is a random variable X with a mean of 3 and a variance of 2. The admission to the park is 6percarplusanadditional6 per car plus an additional 1.50 per person in the car.What is the mean of the total amount of money collected for a car entering the park? Report your answer to two decimal places. Do NOT include a dollar sign ($) when reporting your answer.

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Solution

The mean of the total amount of money collected for a car entering the park can be calculated by adding the fixed cost of the car admission to the product of the mean number of people and the cost per person.

The fixed cost of the car admission is $6.

The mean number of people entering the park is 3 and the cost per person is $1.50.

So, the mean of the total amount of money collected for a car entering the park is:

6+(36 + (3 * 1.50) = 6+6 + 4.50 = $10.50

So, the mean of the total amount of money collected for a car entering the park is $10.50.

This problem has been solved

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