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.
Click on the datafile logo to reference the data.
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?
The mean cost of comparable meals in Hong Kong is SelectlessmoreItem 4 than in Tokyo.
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