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(Solved): Data on investments in the high-tech industry by venture capitalists are compiled by a corporation. ...




Data on investments in the high-tech industry by venture capitalists are compiled by a corporation. A random sample of 18 ven
\begin{tabular}{llllll}
\hline \( 5.23 \) & \( 5.51 \) & \( 5.63 \) & \( 8.94 \) & \( 2.49 \) & \( 5.46 \) \\
\( 5.34 \) & \(
Data on investments in the high-tech industry by venture capitalists are compiled by a corporation. A random sample of 18 venture-capital investments in a certain business sector yielded the accompanying data, in millions of dollars. Determine and interpret a \( 95 \% \) confidence interval for the mean amount, \( \mu \), of all venture-capital investments in this business sector. Assume that the population standard deviation is \( \$ 1.73 \) million. (Note: The sum of the data is \( \$ 104.42 \) million.) Click here to view the investment data. Click here to view page 1 of the table of areas under the standard normal curve. Click here to view page 2 of the table of areas under the standard normal curve. The \( 95 \% \) confidence interval is from \( \$ \) million to \( \$ \) million. (Round to two decimal places as needed.) \begin{tabular}{llllll} \hline \( 5.23 \) & \( 5.51 \) & \( 5.63 \) & \( 8.94 \) & \( 2.49 \) & \( 5.46 \) \\ \( 5.34 \) & \( 4.69 \) & \( 4.06 \) & \( 7.95 \) & \( 5.00 \) & \( 6.43 \) \\ \( 3.65 \) & \( 7.24 \) & \( 8.58 \) & \( 4.58 \) & \( 7.64 \) & \( 6.00 \) \\ \hline \end{tabular}


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Given, n=18 ?=$1.73 ?Xi=$104.42 ?sample mean X?=?
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