Private Colleges and Universities Rely on Money Contributed by Individuals

question 188

Multiple Choice

Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses.Much of this money is put into a fund called an endowment,and the college spends only the interest earned by the fund.A recent survey of 8 private colleges in the United States revealed the following endowments (in millions of dollars) : 60.2,47.0,235.1,490.0,122.6,177.5,95.4,and 220.0.What value will be used as the point estimate for the mean endowment of all private colleges in the United States?

• A)$1,447.8
• B)$180.975
• C)$143.042
• D)$8

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Definitions:

Registers

High-speed storage areas in the CPU that store very small amounts of data and instructions for short periods.

The ALU

An Arithmetic Logic Unit (ALU) is a digital circuit used to perform arithmetic and logic operations in computers.

Mathematical Calculations

The process of using mathematical symbols and methods to perform quantifiable measurements and solve numerical problems.

Logical Comparisons

The process of evaluating two or more variables by applying logical operators to determine a true or false outcome.