Math Problem Statement

A recent survey by the American automobile association showed that a family of two adults and two children on vacation in the united states will pay an average of $247 per day for food and lodging with a standard deviation of $60 per day. You can compute the mean food and lodging cost of a 10-day vacation by multiplying the per-day mean by 10. the standard deviation for the 10-day vacation can be found by multiplying by 10 also.

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Mean
Standard Deviation
Scaling of Variability

Formulas

Mean over multiple days: μ_{10 days} = μ_{daily} × 10
Standard deviation scaling: σ_{10 days} = σ_{daily} × √10

Theorems

Properties of the standard deviation in independent sums

Suitable Grade Level

Grades 11-12 or Introductory College Level