Question

You are going to supervise the finances for a family trip. There are four people in the family: two parents, a college student and a high school student. The parents will share one hotel room and the students will share another hotel room during the trip. The trip will last three weeks and will start and end in the GTA some place between Oshawa and Hamilton. The family must return to the place where they started.

The trip will last three weeks (21 days). The family will drive on days when they travel. They will stay in hotels or motels or bed and breakfast houses at night. The trip will travel in something like a circle, never visiting the same place twice. The family will travel only in Canada, they will not cross the border into the United States.
You will submit a report which will include costs for the following items:
• Car
• Hotel, motel, bed, and breakfast
• Food
• Souvenirs and gifts
• Activities (entrance fees for attractions, etc.)
• Other personal items
The report will also contain details of the trip including:
• Starting / ending point
• Stopping point for each day
• Distance travelled each day
• Name of hotel or motel or bed and breakfast
• Names of activities
• Any other details that will help me understand the progress of the trip.
You can record the financial information at the end of the report or with each day. If you choose to record the financial information daily, then put the totals for each item after the daily details. (3 points)
Using the financial information from the trip show the following calculations. Include both the method used and the final value. (1 point)
• Average total daily cost (0.5 point)
• Average daily cost for hotels, motels, and bed and breakfast
• Average cost of meals per day per person (1 point)
• Identify which family member spent the most on souvenirs, gifts, activities, and other personal items. How much did they spend? (0.5 points)
• Identify which family member spent the least on souvenirs, gifts, activities, and other personal items. How much did they spend? (0.5 points)
• Develop an equation which predicts the total cost of such a trip. The x-value will be
the number of days travelling and the y-value will be the total cost.

Answer 1

To calculate the average total daily cost, divide the total cost of the trip by the number of days. The average daily cost for accommodations can be found by dividing the total cost for accommodations by the number of days. The average cost of meals per day per person can be calculated by dividing the total cost for food by the number of days and the number of people.

Step-by-step explanation:

The average total daily cost can be calculated by dividing the total cost of the trip by the number of days. For example, if the total cost of the trip is $2,100 and it lasts for 21 days, then the average total daily cost would be $2,100 divided by 21, which is $100 per day.The average daily cost for hotels, motels, and bed and breakfast can be calculated by dividing the total cost for accommodations by the number of days. For example, if the total cost for accommodations is $1,050 and it lasts for 21 days, then the average daily cost for accommodations would be $1,050 divided by 21, which is $50 per day.

The average cost of meals per day per person can be calculated by dividing the total cost for food by the number of days and the number of people. For example, if the total cost for food is $700 and there are 4 people in the family and the trip lasts for 21 days, then the average cost of meals per day per person would be $700 divided by 21 divided by 4, which is $8.33 per person per day.To identify which family member spent the most on souvenirs, gifts, activities, and other personal items, you would need to look at the expenses for each family member and compare them. The family member with the highest expenses would be the one who spent the most. To calculate the total cost for each family member, you would need to add up their expenses in each category.To develop an equation that predicts the total cost of such a trip, you would need to consider the variables that affect the cost, such as the number of days travelling, the cost of accommodations, the cost of food, and any other expenses. You can use regression analysis or other statistical methods to determine the relationship between these variables and the total cost of the trip.