MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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 invested in 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 resulted in the following summary statistics for their endowments(in millions of dollars) x̅ = 180.975 and s =143.042. Calculate a 99% confidence interval for the mean endowment of all private colleges in the United States.
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