Question

In: Statistics and Probability

A random sample of 10 ​venture-capital investments in the fiber optics business sector yielded the following​...

A random sample of 10 ​venture-capital investments in the fiber optics business sector yielded the following​ data, in millions of dollars. Determine a 95​% confidence interval for the mean​ amount, muμ​, of all​ venture-capital investments in the fiber optics business sector. Assume that the population standard deviation is ​$2.23 million.​ (Note: The sum of the data is ​$70.16​million.)

5.39 6.12 6.76 3.49 5.17 4.94 9.81 8.51 9.98 9.99

The confidence level is from million to million

Solutions

Expert Solution

orchestra answered 1 year ago
Next > < Previous

Related Solutions

a random sample of 10 venture capital investments in the fiber optics business sector yielded the...
a random sample of 10 venture capital investments in the fiber optics business sector yielded the following data, in millions of dollars. Determine a 95% confidence interval for mean amount of all venture capital investments in the fiber optics business sector.Assume that the population standard deviation is $2.58million.(Note:The sum of the data is 59.72million
What is the motivation difference between Chinese venture capital investments and western nations venture capital investments?
What is the motivation difference between Chinese venture capital investments and western nations venture capital investments?
What is the motivation difference between Chinese venture capital investments and western nations venture capital investments?
What is the motivation difference between Chinese venture capital investments and western nations venture capital investments?
A random sample of n = 15 heat pumps of a certain type yielded the following...
A random sample of n = 15 heat pumps of a certain type yielded the following observations on lifetime (in years): 2.0     1.4     6.0     1.9 5.2 0.4     1.0     5.3 15.6 0.9 4.8 0.9     12.4     5.3 0.6 (a) Assume that the lifetime distribution is exponential and use an argument parallel to that of this example to obtain a 95% CI for expected (true average) lifetime. (Round your answers to two decimal places.)   , years (b) How should the interval of part...
A random sample of n = 15 heat pumps of a certain type yielded the following...
A random sample of n = 15 heat pumps of a certain type yielded the following observations on lifetime (in years): 2.0     1.4     6.0     1.6 5.1 0.4     1.0     5.3 15.7 0.7 4.8 0.9     12.3     5.3 0.6 Assume that the lifetime distribution is exponential and use an argument parallel to that of this example to obtain a 95% CI for expected (true average) lifetime. (Round your answers to two decimal places.) ( ,    ) years What is a 95% CI...
A random sample of n = 15 heat pumps of a certain type yielded the following...
A random sample of n = 15 heat pumps of a certain type yielded the following observations on lifetime (in years): 2.0 1.2 6.0 1.9 5.1 0.4 1.0 5.3 15.6 0.9 4.8 0.9 12.2 5.3 0.6 a.) Assume that the lifetime distribution is exponential and use an argument parallel to that of this example to obtain a 96% CI for expected (true average) lifetime (round answer to two decimal places) (________, _________) years c.) What is a 95% CI for...
A random sample of n = 15 heat pumps of a certain type yielded the following...
A random sample of n = 15 heat pumps of a certain type yielded the following observations on lifetime (in years): 2.0     1.4     6.0     1.8 5.3 0.4     1.0     5.3 15.9 0.8 4.8 0.9     12.1     5.3 0.6 (a) Assume that the lifetime distribution is exponential and use an argument parallel to that of this example to obtain a 95% CI for expected (true average) lifetime. (Round your answers to two decimal places.)   , years (b) How should the interval of part...
A company produces “52-gram” snack pack of candies. A random sample of 10 snack packs yielded...
A company produces “52-gram” snack pack of candies. A random sample of 10 snack packs yielded the following weights: 55.95 56.54 57.58 55.13 57.48 56.06 59.93 58.30 52.57 58.46 a) Calculate and interpret a 95% confidence interval for the true mean weight of snack packs produced by the company. b) [MINITAB]Whenfindingtheconfidenceintervalina),what assumption did you make about the population of snack pack weights? Use the appropriate Minitab plot to verify the assumption for this dataset. Include the plot, explain how you...
. Thenutritionlabelonabagofpotatochipssaysthataoneounceservingofpotatochipshas130calories. A random sample of 35 bags yielded a sample mean of 134 calories with...
. Thenutritionlabelonabagofpotatochipssaysthataoneounceservingofpotatochipshas130calories. A random sample of 35 bags yielded a sample mean of 134 calories with a standard deviation of 17 calories. Is there significant evidence that the nutrition label does not provide an accurate measure of calories in the bags of potato chips? Answer this question using the hypothesis testing framework. Explicitly give the p-value for your test.
a random sample of 100 observations from a population. with standard deviation 60 yielded a sample...
a random sample of 100 observations from a population. with standard deviation 60 yielded a sample mean of 110. A. test the null hypothesis that m = 100 and the alternative hypothesis m > 100 using alpha = .05 and interpret the results b. test the null against the alternative hypothesis that m isn't equal to 110. using alpha = .05 and interpret the results c. compare the p values of the two tests you conducted. Explain why the results...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT