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Category > Business & Finance Posted 08 May 2017 My Price 7.00

Travel to Kyrgyzstan

Your pocket copy of Kyrgyzstan on Som a Day claims that you can expect to spend about 4237 som each day with a standard deviation of 360 som. How well can you estimate your expenses for the trip?

 

a) Your budget allows you to spend 90,000 som. To the nearest day, how long can you afford to stay in Kyrgyzstan, on average?

b) What’s the standard deviation of your expenses for a trip of that duration?

c) You doubt that your total expenses will exceed your expectations by more than two standard deviations. How much extra money should you bring? On average, how much of a “cushion” will you have per day?

 

Answers

Alpha Geek
(8)
Status NEW Posted 08 May 2017 10:05 AM My Price 7.00

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file 1494240427-Answer.docx preview (139 words )
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