Class Trip Budget: Test the Forecasts
0 / 14Class Trip Budget: Test the Forecasts
Build uniform models and compare budget predictions with trial results.
Build the Budget Model
A class tests its trip budget using six possible cost plans. These are practice forecasts, not confirmed prices. A selector chooses each plan number with equal probability. Costs are per student.
| Plan | Bus ($) | Meal ($) | Museum ticket ($) |
|---|---|---|---|
| 1 | 12 | 6 | 8 |
| 2 | 12 | 8 | 8 |
| 3 | 14 | 6 | 10 |
| 4 | 12 | 8 | 10 |
| 5 | 14 | 8 | 10 |
| 6 | 16 | 8 | 10 |
What probability belongs to each individual plan?
What is the model probability of an affordable plan?
What is the probability that the selected plan is flagged?
According to the model, how many over-budget selections are expected? selections
Read the Trial Log
Use the original six-plan model. All six plans are available on every selection. The table shows results from 60 selections.
| Plan | Selections |
|---|---|
| 1 | 6 |
| 2 | 9 |
| 3 | 8 |
| 4 | 13 |
| 5 | 10 |
| 6 | 14 |
What percentage of the 60 selections had a total cost greater than $30? %
Test New Budget Decisions
Each question describes a new test for the same class trip. Identify the equally likely outcomes before calculating.
What is the probability that the discounted package is within budget?
What is the smallest whole-dollar budget per student that gives a probability of 4/5 of covering the total cost? $
How many sectors must name meal review? sectors