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What value should you use as the point estimate

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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?

Reference no: EM132160588

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