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.
a. What is the mean for food and lodging for a 10-day vacation?
b. What is the standard deviation of the distribution for the 10-day vacation?
c. What is the variance of the distribution for the 10-day vacation?
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Standard Deviation
Variance
Mean
Formulas
Mean for n days = daily mean × number of days
Standard deviation for n days = daily standard deviation × sqrt(number of days)
Variance = (standard deviation)^2
Theorems
Properties of Variance and Standard Deviation
Law of Large Numbers
Suitable Grade Level
Grades 9-12
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