[SOLVED] The mean cost of a meal for two in a mid-range restaurant in Tokyo is $40
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The mean cost of a meal for two in a mid-range restaurant in Tokyo is $40 (Numbeo.com website, December 14, 2014). How do prices for comparable meals in Hong Kong compare? The DATAfile HongKongMeals contains the costs for a sample of 42 recent meals for two in Hong Kong mid-range restaurants.
Data:
| Meal Price ($) |
| 22.78 |
| 33.89 |
| 22.77 |
| 18.04 |
| 23.29 |
| 35.28 |
| 42.38 |
| 36.88 |
| 38.55 |
| 41.68 |
| 25.73 |
| 34.19 |
| 31.75 |
| 25.24 |
| 26.32 |
| 19.57 |
| 36.57 |
| 32.97 |
| 36.83 |
| 30.17 |
| 37.29 |
| 25.37 |
| 24.71 |
| 28.79 |
| 32.83 |
| 43.00 |
| 35.23 |
| 34.76 |
| 33.06 |
| 27.73 |
| 31.89 |
| 38.47 |
| 39.42 |
| 40.72 |
| 43.92 |
| 36.51 |
| 45.25 |
| 33.51 |
| 29.17 |
| 30.54 |
| 26.74 |
| 37.93
a. With 95% confidence, what is the margin of error (to 2 decimals)? b. What is the 95% confidence interval estimate of the population mean (to 2 decimals)? c. How do prices for meals for two in mid-range restaurants in Hong Kong compare to prices for comparable meals in Tokyo restaurants? |
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"96% of our customers have reported a 90% and above score. You might want to place an order with us."
