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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The American Housing Survey reported the following data on the number of bedrooms in owner-occupied and renter-occupied houses in central cities (U.S. Census Bureau website, March 31, 2003).
Number of Houses(1000s)Bedrooms Renter- Occupied Owner-Occupied0 547 231 5012 5412 6100 3832 3 2644 8690 4 557 3783
a. Define a random variable x number of bedrooms in renter-occupied houses and develop a probability distribution for the random variable. (Let x 4 represent 4 or more bedrooms.) b. Compute the expected value and variance for the number of bedrooms in renteroccupied houses. c. Define a random variable y number of bedrooms in owner-occupied houses and develop a probability distribution for the random variable. (Let y 4 represent 4 or more bedrooms.) d. Compute the expected value and variance for the number of bedrooms in owneroccupied houses. e. What observations can you make from a comparison of the number of bedrooms in renter-occupied versus owner-occupied homes?
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