Private Colleges and Universities Rely on Money Contributed by Individuals

question 122

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:

Acidic Chyme

The partially digested, acidic fluid that passes from the stomach to the small intestine, consisting of gastric juices and partly digested food.

Gastrin

A hormone that stimulates the secretion of gastric acid by the stomach's parietal cells for digestion.

Hepatopancreatic Ampulla

Dilation within the major duodenal papilla that normally receives both the common bile duct and the main pancreatic duct.

Pancreatic Duct

Excretory duct of the pancreas that extends through the gland from tail to head, where it empties into the duodenum at the greater duodenal papilla.