Much of the money in private colleges and universities is invested in a fund called an endowment. A recent survey of eight private colleges in the United States revealed the following endowments (in millions of dollars): 88, 55, 249, 495, 114, 189, 98 and 220. What value will be used as the point estimate for the mean endowment of all private colleges in the United States?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.3: Measures Of Spread
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Question 3
Much of the money in private colleges and universities is invested in
a fund called an endowment. A recent survey of eight private colleges
in the United States revealed the following endowments (in millions
Not yet answered
Marked out of 2.00
of dollars): 88, 55, 249, 495, 114, 189, 98 and 220. What value will be
Flag question
used as the point estimate for the mean endowment of all private
colleges in the United States?
Select one:
O 180.21
O 188.5
O 200.5
O151.115
Transcribed Image Text:Ims.uop.edu.jo/moodle Question 3 Much of the money in private colleges and universities is invested in a fund called an endowment. A recent survey of eight private colleges in the United States revealed the following endowments (in millions Not yet answered Marked out of 2.00 of dollars): 88, 55, 249, 495, 114, 189, 98 and 220. What value will be Flag question used as the point estimate for the mean endowment of all private colleges in the United States? Select one: O 180.21 O 188.5 O 200.5 O151.115
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