A random sample of 18 venture-capital investments in the fiber optics business sector yielded the following data below, in millions of dollars. 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.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
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A random sample of 18 venture-capital investments in the fiber optics business sector yielded
the following data below, in millions of dollars. 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.
5.60 6.27 5.96 10.51 2.04 5.48
5.74 5.58 4.13 8.63 5.95 6.67
4.21 7.71 9.21 4.98 8.64 6.67

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