Variance for the number of bedrooms in owner occupied houses

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Reference no: EM131812565

Question: The American Housing Survey reported the following data on the number of bed rooms in owner occupied and renter-occupied houses in central cities

Number of Houses (1000s)
Bedrooms	Renter-Occupied	Owner-Occupied
0	547		23
1	5012		541
2	6100		3832
3	2644		8690
4 or more	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 renter occupied 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 owner occupied houses.

e. What observations can you make from a comparison of the number of bedrooms in renter-occupied versus owner-occupied homes?

Reference no: EM131812565

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