The mean cost of a meal for two in a midrange restaurant in City A is $48. How do prices for comparable meals in Hong Kong compare? The file HongKongMeals contains the costs for a sample of 42 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 the estimated mean cost in dollars for a mid-range meal for two in Hong Kong? (Round your answer to the nearest cent.) B. What is the 95% confidence interval estimate of the population mean cost in dollars for a mid-range meal for two in Hong Kong? (Round your answers to the nearest cent.)
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The mean cost of a meal for two in a midrange restaurant in City A is $44. How do prices for comparable meals in Hong Kong compare? The file HongKongMeals contains the costs for a sample of 42 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 the estimated mean cost in dollars for a mid-range meal for two in Hong Kong? (Round your answer to the nearest cent.) $ (b) What is the 95% confidence interval estimate of the population mean cost in dollars for a mid-range meal for two in Hong Kong? (Round your answers to the nearest cent.) $ to $
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The mean cost of a meal for two in a midrange restaurant in Tokyo is $41. How do prices for comparable meals in Hong Kong compare? The file HongKongMeals contains the costs for a sample of 42 recent meals for two in Hong Kong midrange restaurants. (a) With 95% confidence, what is the margin of error for the estimated mean cost in dollars for a mid-range meal for two in Hong Kong? (Round your answer to the nearest cent.) (b) What is the 95% confidence interval estimate of the population mean cost in dollars for a mid-range meal for two in Hong Kong? (Round your answers to the nearest cent.) (c) How do prices for meals for two in mid-range restaurants in Hong Kong compare to prices for comparable meals in Tokyo restaurants? The mean cost for a mid-range meal for two in Tokyo is ---Select--- the 95% confidence interval for comparable meals in Hong Kong. This suggests mean cost of comparable meals in Hong Kong is ---Select--- in Tokyo. (d) What is the 95% confidence interval estimate of the population mean savings in dollars for a mid-range meal for two in Hong Kong with respect to Tokyo? (Round your answers to the nearest cent.)
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