## (Solved) You and a group of friends wish to start a company.

You and a group of friends wish to start a company. You have an idea, and you are comparing startup incubators to apply to (Star up incubators hold classes and help startups to contact venture capitalists and network with one another). Assume funding is normally distributed.

Incubator A has a 80% success ratio getting companies to survive at least 4 years from inception. The average venture funding of the 29 companies reaching that 4 year mark is 1.6 million dollars with a standard deviation of 0.4 million.

Incubator B has a 81% success ratio, getting companies to survive at least 4 years from inception. The average venture funding of the 28 companies reaching that 4 year mark is 1.8 million dollars with a standard deviation of 0.3 million.

Do the standard deviations differ significantly? Use Î± = 0.1

Is the average funding incubator significantly better? Î± = 0.05

Please show work, I have been getting this problem wrong for the longest time.

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This question was answered on: Sep 05, 2019

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