Activity I - You have just opened a restaurant in a large city, and you are deciding what you should charge for a regula

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Activity I - You have just opened arestaurant in a large city, and you are deciding what you shouldcharge for a regular-sized soda. You'd like to charge a price equalto the average of your competitors, which you believe is $2.58. Toinform your decision, you want to learn more about the averageprice charged by competing restaurants in the area. You know youwon't be able to get prices for every restaurant, so you randomlysample 35 and collect their soda prices. These data arein Soda.xlsx ( See the attached)
A 1 Restaurant 1234 LO 5 878 6 9 97 10 11 TELEG9984978285235 58 3 12 13 14 15 16 17 18 19 20 21 26 30 31 33 35 36 37 38 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 31 32 33 34 35 B Soda Price $2.39 $3.37 $2.63 $2.80 $3.06 $2.37 $2.37 $3.52 $2.73 $2.66 $3.04 $2.82 $3.10 $1.98 $3.57 $2.98 $3.53 $3.43 $2.94 $3.61 $2.56 $3.64 $3.37 $2.59 $3.66 $2.90 $2.67 $3.16 $3.12 $3.19 $2.58 $3.10 $2.75 $2.88 $3.75 C