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:

Economic Success

Economic success is the achievement of financial prosperity and stability, often measured by factors such as income, wealth, and employment status in the context of an individual, organization, or nation.

Family Connections

Relationships and bonds among family members, including immediate and extended relatives.

Income Distribution

The way in which a nation’s total GDP is distributed amongst its population, affecting economic inequality.

Homeless

People who lack a stable, permanent, and adequate place to live.