Charities rely on money contributed ? -

Charities rely on money contributed by individuals and corporations for their operating expenses. Sometimes this money is put into a fund called an endowment, and the charity spends only the interest earned on these funds. A survey of 8 charities 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. What value should you use as the point estimate for the mean endowment? $148 $181 $143 $180|::::|This is a simple non-weighted average, so you can just add the numbers and divide by n (in this case, 8). The sum of the endowments is 1,448.8. 1448.8 / 8 = 181.1 So $181 million is the best option.