University endowments are financial assets that are donated by supporters to be used to provide income to

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University endowments are financial assets that are donated by supporters to be used to provide income to universities. There is a large discrepancy in the size of university endowments. The following table provides a listing of many of the universities that have the largest endowments as reported by the National Association of College and University Business Officers in 2017. 

Endowment Amount ($ Billion) University Endowment Amount ($ Billion) University Amherst College Boston College Smith College Stanford University Swarthmore College Texas A&M University Tufts University University of California University of California, Berkeley University of California, Los Angeles University of Chicago University of Illinois University of Michigan University of Minnesota University


Summarize the data by constructing the following: 

a. A frequency distribution (classes 0–1.9, 2.0–3.9, 4.0–5.9, 6.0–7.9, and so on).

b. A relative frequency distribution. 

c. A cumulative frequency distribution. 

d. A cumulative relative frequency distribution. 

e. What do these distributions tell you about the endowments of universities? 

f. Show a histogram. Comment on the shape of the distribution. 

g. What is the largest university endowment and which university holds it?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For  answer-question

Statistics For Business & Economics

ISBN: 9781337901062

14th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

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