Write the Word or Phrase
-Private Colleges and Universities Rely $77.1,41.6,248.6,497.2,119,173.9,108.5$

Multiple Choice

Write the word or phrase
-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?

A) $184.788$
B) $1478.3$
C) $211.186$
D) 8