The following table shows the average yearly tuition and required fees, in thousand ofdollars, charged by a certain private

Khaleesi Herbert 2021-01-25 Answered

The following table shows the average yearly tuition and required fees, in thousand of dollars, charged by a certain private university in the school year beginning in the given year.
YearAverage tuition2005$17.62007$18.12009$19.52011$20.72013$21.8
What prediction does the formula modeling this data give for average yearly tuition and required fees for the university for the academic year beginning in 2019?

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Expert Answer

lamusesamuset
Answered 2021-01-26 Author has 93 answers
Let the starting year be 2000. So, the table will be,
xy517.6718.1919.51120.71321.8
Substitute the values of a and b to find the equation.
y=0.55x+14.59
Substitute x as 19 to find the average yearly tution in 2019.
y=0.55(19)+14.59
=10.45+14.59
=25.04
Multiply by 1000 to represent the required fees.
25.04×1000=$25,040
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