Question

NEED HELP ASAP

For the years between 2003 and 2010, the equation ŷ=937.98x+12,764.90 models the average cost of tuition of four-year colleges, in dollars, where x is the number of years after 2000.

What is the best estimate for the average cost of tuition in 2005? Enter your answer in the box. Round to the nearest dollar.

Answer 1

Answer: 16517 dollars

Explanation:

Given that x is the number of years after 2000.

In 2005, the number of years x = 4

Because the equation was modelled for 4 year college courses

The best estimate for the average cost of tuition in 2005 will be

ŷ = 937.98(4) + 12,764.90

Y = 3751.92 + 12764.9

Y = 16516.82 dollars

Y = 16517 dollars