How long can you afford to stay in kyrgyzstan

Assignment Help Basic Statistics
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\

Reviews

Write a Review

Basic Statistics Questions & Answers

  If other factors are held constant which of the following

if other factors are held constant which of the following sets of data is most likely to satisfy the homogeneity of

  Descriptive statistics-inferential statistics

A research firm observes that men are twice as likely as women to watch the Super Bowl on television. Does this information represent descriptive statistics or inferential statistics? Why?

  Testing statistical significance for sam sleep researcher

Sam Sleep researcher hypothesizes that people who are allowed to sleep for only four hours will score significantly lower than people who are allowed to sleep for eight hours on a management ability test.

  Electromagnetic radiation of wavelength

The size of an atom is approximately 10-8 cm. To locate an electron within the atom, one should use electromagnetic radiation of wavelength not longer than 10-9 cm. What is the energy of the photon with such a wavelength (in cV)?

  Relationship between work and stress using hypothesis test

Carry out the suitable hypothesis test, at alpha = .05, to find out whether there is a relationship between school/work and stress.

  Probability of financial analyst

A financial analyst estimates that the probability that the economy will experience a recession in the next 12 months is 20%. She also believes that if the economy enters a recession

  Doubly infinite sequence of random variables

Let {Yt} be a doubly infinite sequence of random variables that is stationary with autocovariance function γY . Let Xt = (a + bt)st + Yt, where a and b are real numbers and st is a deterministic seasonal function with period d

  A uniform density with the parameters

Show that if a random variable has a uniform density with the parameters α and β, the probability that it will take on a value less than α + p(β - α) is equal to p.

  The p-value for a test of no association

We are interested in comparing the proportions of males and females who think earning a large salary is very important to them. I surveyed 200 of each gender and recorded their answers to the question as yes or no.

  In how many distinguishable ways can we assign moms

In how many ways can Mom assign the jobs for you to complete

  What is the probability that it will live in an urban area

If a family now lives in an urban location, what is the probability that it will live in an urban area two years from now? A suburban area? A rural area

  Statistical probability is most closely associated with

statistical probability is most closely associated with which of the following types of statistics?descriptive

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd