Private Colleges and Universities Rely on Money Contributed by Individuals

question 23

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. Summary statistics yield =180.975 and s = 143.042. A 95% confidence interval for the mean endowment of all the private colleges in the United States is:

• A) $180.975$94.066
• B) $180.975$99.123
• C) $180.975$116.621
• D) $180.975$116.983
• E) $180.975$119.605

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Definitions:

Schizophrenia

A severe mental disorder characterized by profound disruptions in thinking, affecting language, perception, and the sense of self, often accompanied by auditory hallucinations and delusional thinking.

Anti-psychotic Medication

Drugs used primarily to treat schizophrenia and other mental health conditions by reducing psychotic symptoms such as hallucinations and delusions.

Cognitive Impairment

A reduction in cognitive abilities, such as memory, decision-making, and problem-solving skills, affecting daily functioning.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, often resulting in some combination of hallucinations, delusions, and extremely disordered thinking and behavior.