How long can you afford to stay in kyrgyzstan

Reference no: EM131418547

Your pocket copy of Kyrgyzstan on 4237 = 360 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?

Reference no: EM131418547

Questions Cloud

What are the mean and standard deviation of the amount : What are the mean and standard deviation of the amount he might spend in two consecutive days?- What assumption did you make in order to find that standard deviation? Are there any reasons you might question that assumption?

Customers considered sucessful supply chain transaction : What is the different in what a shipper and a customers considered a sucessful supply chain transaction. How could supply chain partners measure the performance of a supply chain? Explain why each measurement suggested is relevant to at least one of ..

What does tony do in this situation : Tony knows he should report this but would have to admit to violating the company's information technology regulations by logging into Robert's computer. If he warns Robert to stop his betting, he would also have to reveal the source of his inform..

Case decision where employer or union was found guilty : Locate and briefly summarize a case decision where an employer or union was found guilty of bad faith bargaining (or not!). Briefly summarize the decision and explain whether you agree or disagree with the outcome.

How long can you afford to stay in kyrgyzstan : Your budget allows you to spend 90,000 som. To the nearest day, how long can you afford to stay in Kyrgyzstan, on average?- What's the standard deviation of your expenses for a trip of that duration?

Explain how sales of individual items would be entered : How sales of individual items would be entered? How the database would store the data compared to the current spreadsheet method? How monitoring of inventory levels based on sales using the database would work?

Calculate the effect of each of these changes on net income : What principle of financial accounting makes it difficult to make such changes? Describe the conditions under which Hauser and Bradley would be allowed to make changes in their accounting methods.

Nonprofit health care systems are often chartered as public : Exclusive enterprise liability where hospitals employ and insure their attending physicians are advantageous because ____. Tax-exempt hospitals may not establish discriminatory pricing for health care. Nonprofit health care systems are often chartere..

Research the issue in a variety of news sources : Research the issue in a variety of news sources, such as government sites (e.g., the National Institutes of Health and the National Institute of Mental Health) and online newspapers. Do not use blogs or other informal sources\

User Account

All Pages