4 Question 20Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Murof this money is put into a fund called an endowment, and the college spends only the interest earned by the fund. A recentsurvey of 8 private colleges yielded - 180.975 and S-143.042. Construct a 95% confidence interval for the meanendowment of all the private colleges in the United States assuming a normal distribution for the endowments.O $180.975 $99.123O $180.975 $94.066O $180.975 $119.586O $180.975 $116.621 Question 8Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Muchof this money is put into a fund called an endowment, and the college spends only the interest earned by the fund. A recentsurvey of 8 private colleges in the United States 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 will be used as the point estimate for the mean endowment of all privatecolleges in the United States?$8O $1.447.8O $180.975O $143.042

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Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Mur 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 8 private colleges yielded = 180.975 and S-143.042. Construct a 95% confidence interval for the mean endowment of all the private colleges in the United States, assuming a normal distribution for the endowments. O $180.975 $99.123 O $180.975 + $94.066 O $180.975+ $119.586 O $180.975 $116.621