Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Mur 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 yielded = 180.975 and S-143.042. Construct a 95% confidence interval for the mean endowment of all the private colleges in the United States, assuming a normal distribution for the endowments. O $180.975 $99.123 O $180.975 + $94.066 O $180.975+ $119.586 O $180.975 $116.621

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Chapter13: Tax Credits And Payment Procedures
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Question 20
Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Mur
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 yielded - 180.975 and S-143.042. Construct a 95% confidence interval for the mean
endowment of all the private colleges in the United States assuming a normal distribution for the endowments.
O $180.975 $99.123
O $180.975 $94.066
O $180.975 $119.586
O $180.975 $116.621
Transcribed Image Text:Question 20 Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Mur 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 yielded - 180.975 and S-143.042. Construct a 95% confidence interval for the mean endowment of all the private colleges in the United States assuming a normal distribution for the endowments. O $180.975 $99.123 O $180.975 $94.066 O $180.975 $119.586 O $180.975 $116.621
Question 8
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?
$8
O $1.447.8
O $180.975
O $143.042
Transcribed Image Text:Question 8 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? $8 O $1.447.8 O $180.975 O $143.042
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