The average price of tuition and fees at public 4-year colleges and universitiesincreased from $1,790 in 1991 to $6,900 in 2010. Calculate the relative change inprice from 1991 to 2010 and compare it to the overall rate of inflation as measuredby the Consumer Price Index.Average Annual Consumer Price Index (CPI) (1982-1984=100)YearCPIYearCPIYearCPI1976200156.960.619891990124.0177.11977130.72002179.9184.0188.9195.31978197965.21991136.22003Average tuition and fees in public 4-year colleges and universities increased by72.619921993140.3%.200420052006198082.4144.5148.2152.4(Round to the nearest integer as needed.)198190.91994201.6207.3215.3214.51982198396.51995200799.61996156.92008103.9107.619841997160.52009198519861987201019981999218.1224.9229.6163.0109.6166.62011113.62000172.220121988118.3

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The average price of tuition and fees at public 4-year colleges and universities increased from $1,790 in 1991 to $6,900 in 2010. Calculate the relative change in price from 1991 to 2010 and compare it to the overall rate of inflation as measured by the Consumer Price Index. Average tuition and fees in public 4-year colleges and universities increased by %. (Round to the nearest integer as needed.)

The average price of tuition and fees at public 4-year colleges and universities increased from $1,790 in 1991 to $6,900 in 2010. Calculate the relative change in price from 1991 to 2010 and compare it to the overall rate of inflation as measured by the Consumer Price Index. Average tuition and fees in public 4-year colleges and universities increased by %. (Round to the nearest integer as needed.)

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...

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