Question

For the years between 2003 and 2010, the equation yˆ=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

17455

Explanation:

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Answer 2

The best estimate for the year 2005 is the the cost of tuition is $17,455

Explanation:

In this question, we are tasked with making a numerical prediction using the equation in the question above.

From the question, the equation linking the cost of tuition to number of years after 2000 is;

y = 937.98x + 12,764.90

Now we are to calculate for the year 2005. This means that x = 2005 -2000 = 5 years

now input 5 into the equation;

y = 937.98(5) + 12,764.90

y = 4689.9 + 12,764.9

y = 17,454.8

To the nearest whole dollars, y = $17,455