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.
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).


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  • CreatedAugust 13, 2015
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