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The mean cost of a meal for two in a midrange restaurant in City A is...

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Basic Math

The mean cost of a meal for two in a midrange restaurant in CityA is $48. 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.

22.7833.8922.7718.0423.2935.2842.38
36.8838.5541.6825.7334.1931.7525.24
26.3219.5736.5732.9736.8330.1737.29
25.3724.7128.7932.8343.0035.2334.76
33.0627.7331.8938.4739.4240.7243.92
36.5145.2533.5129.1730.5426.7437.93

(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 $

Answer & Explanation Solved by verified expert
4.0 Ratings (529 Votes)
a sample std dev s X x n1 68271 Sample Size n 42 Sample Mean x 326600 Level    See Answer
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