Find variance of number of persons living in type of unit


The 2002 New York City Housing and Vacancy Survey showed a total of 59,324 rent controlled housing units and 236,263 rent-stabilized units built in 1947 or later. For these rental units, the probability distributions for the number of persons living in the unit are given January 12, 2004).

Number of

 

 

Persons

Rent-Controlled

Rent-Stabilized

1

.61

.41

2

.27

.30

3

.07

.14

4

.04

.11

5

.01

.03

6

.00

.01

a. What is the expected value of the number of persons living in each type of unit?

b. What is the variance of the number of persons living in each type of unit?

c. Make some comparisons between the number of persons living in rent-controlled units and the number of persons living in rent-stabilized units.

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Basic Statistics: Find variance of number of persons living in type of unit
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