Travel to Kyrgyzstan Your pocket copy of Kyrgyzstanon 4237 { 360 Som a Day claims that you can expect to spend about 4237 som each day with a standard deviationof 360 som. How well can you estimate your expensesfor the trip?a) Your budget allows you to spend 90,000 som. To thenearest day, how long can you afford to stay inKyrgyzstan, on average?b) What’s the standard deviation of your expenses for atrip of that duration?c) You doubt that your total expenses will exceed yourexpectations by more than two standard deviations. How much extra money should you bring? On aver-age, how much of a “cushion” will you have per day?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Travel to Kyrgyzstan Your pocket copy of Kyrgyzstan
on 4237 { 360 Som a Day claims that you can expect to
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.
age, how much of a “cushion” will you have per day?
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