How Likely Is the Typical Startup to Succeed in Getting

question 5

Multiple Choice

How likely is the typical startup to succeed in getting funded by a venture capitalist?

• A) Very unlikely (1-2 percent)
• B) Unlikely (10-20 percent)
• C) Likely (60-75 percent)
• D) Very likely (90 percent)

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Definitions:

Independent Populations

Two or more populations that do not affect each other, such that measurements from one population are not related to measurements from the others.

Two-tailed Test

A statistical hypothesis test in which the area of rejection is on both sides of the sampling distribution, allowing for the exploration of the possibility that a parameter is significantly greater than or less than a specified value.

Means

The average of a set of numerical values, calculated as the sum of the values divided by the number of values.

Confidence Interval

A span of numbers, obtained from statistical analysis of a sample, which is expected to encompass the value of a parameter from the overall population that is not yet known.