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 eight private colleges in the United States revealed the following endowments (in millions of dollars): 77.1, 41.6, 248.6, 497.2, 119, 173.9, 108.5, and 212.4. What value will be used as the point estimate for the mean endowment of all private colleges in the United States?

Select one:

A.184.788

B.8

C.211.186

D.1478.3