DATAfile: HongKongMeals
You may need to use the appropriate appendix table or technologyto answer this question.
The mean cost of a meal for two in a midrange restaurant in CityA is $44. How do prices for comparable meals in Hong Kong compare?The file HongKongMeals contains the costs for a sample of42 recent meals for two in Hong Kong midrange restaurants.
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 for theestimated mean cost in dollars for a mid-range meal for two in HongKong? (Round your answer to the nearest cent.)
$
(b)
What is the 95% confidence interval estimate of the populationmean cost in dollars for a mid-range meal for two in Hong Kong?(Round your answers to the nearest cent.)
$  to $
(c)
How do prices for meals for two in mid-range restaurants in HongKong compare to prices for comparable meals in City Arestaurants?
The mean cost for a mid-range meal for two in City Ais  ---Select--- within higher than the upper limit ofbelow the lower limit of the 95% confidence interval for comparablemeals in Hong Kong. This suggests mean cost of comparable meals inHong Kong is  ---Select--- less than possibly the same asgreater than  in City A.