Question
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
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 Canada 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= 179.725 ands= 143.667. Which of the following is a 95% confidence interval for the mean endowment of all the private colleges in Canada?
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