Data on investments in the high-tech industry by venture capitalists are compiled by Venture One Corporation and

Question:

Data on investments in the high-tech industry by venture capitalists are compiled by Venture One Corporation and published in America's Network Telecom Investor Supplement. A random sample of 18 venture capital investments in the fiber optics business sector yielded the following data, in millions of dollars.
Data on investments in the high-tech industry by venture capitalists

a. Determine a 95% confidence interval for the mean amount, μ, of all venture-capital investments in the fiber optics business sector. Assume that the population standard deviation is $2.04 million. (Note: The sum of the data is $113.97 million.)
b. Interpret your answer from part (a).

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: