10th Edition

ISBN: 9780321989178

Author: Neil A. Weiss

Publisher: PEARSON

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Chapter 8.2, Problem 69E

Preliminary data analyses indicate that you can reasonably apply the z-interval procedure (Procedure 8.1 on page 339) in Exercises 8.69–8.74.

8.69 Venture-Capital Investments. Data on investments in the high-tech industry by venture capitalists are compiled by VentureOneCorporation 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.

Chapter 8.2, Problem 69E, Preliminary data analyses indicate that you can reasonably apply the z-interval procedure (Procedure

Determine and interpret 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.)

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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Chapter 8.2, Problem 68E

Chapter 8.2, Problem 70E

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Chapter 8 Solutions

Introductory Statistics (10th Edition)

Ch. 8.1 - The value of a statistic used to estimate a...Ch. 8.1 - What is a confidence-interval estimate of a...Ch. 8.1 - Prob. 3E Ch. 8.1 - Prob. 4E Ch. 8.1 - Prob. 5E Ch. 8.1 - Suppose that you lake 500 simple random samples...Ch. 8.1 - Prob. 7E Ch. 8.1 - A simple random sample is taken from a population...Ch. 8.1 - Refer to Exercise 8.7 and find a point estimate...Ch. 8.1 - Prob. 10E

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Solution Summary: The author analyzes the 95% confidence interval of the population mean amount of investments for 18 randomly selected venture capital investments in the fiber optics business sector.

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