Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Much
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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): 90, 150, 240, 490, 130, 190, 110, and 220. Calculate a 99% confidence interval for the mean endowment of all the private colleges in the US.
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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