The following table shows the average yearly tuition and required fees, in dollars, charged by four-year American private universities in the school year beginning in the given year. Date Average tuition 2012 $27,870 2013 $29,004 $30,138 2014 2015 $31,272 2016 $32,406 (a) Show that these data can be modeled by a linear function. For each change of 1 year in time there is an increase of $ in tuition. Find its formula. (Let d be the date in terms of number of years since 2012 and I tuition in dollars.) T(d) = (b) Plot the data points and add the graph of the linear formula you found in part (a). T 34 000- 32 000 32 000 30 000 30 000 28 000 28 000 1 2 3 1 3 34 000- 34 000 32 000 32 000 30 000 30 000 28 000 d d 2 3 3 (c) What prediction does this formula give for average tuition and fees at four-year American private universities for the academic year ending in 2024?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.3: Modeling Data With Linear Functions
Problem 6E: 6. Tuition at American Private Universities The following table shows the average yearly tuition and...
icon
Related questions
icon
Concept explainers
Question
The following table shows the average yearly tuition and required fees, in dollars, charged by four-year American private universities in the school year beginning in the given year.
Average tuition
$27,870
Date
2012
2013
$29,004
$30,138
$31,272
$32,406
2014
2015
2016
(a) Show that these data can be modeled by a linear function.
For each change of 1 year in time there is an increase of $
in tuition.
Find its formula. (Let d be the date in terms of number of years since 2012 and T tuition in dollars.)
T(d) =
(b) Plot the data points and add the graph of the linear formula you found in part (a).
T
34 000
32 000
32 000-
30 000
30 000
28 000
28 000
1
4
4
T
T
34 000
34 000
32 000
32 000
30 000
30 000
28 000
d
d
3
(c) What prediction does this formula give for average tuition and fees at four-year American private universities for the academic year ending in 2024?
$
Transcribed Image Text:The following table shows the average yearly tuition and required fees, in dollars, charged by four-year American private universities in the school year beginning in the given year. Average tuition $27,870 Date 2012 2013 $29,004 $30,138 $31,272 $32,406 2014 2015 2016 (a) Show that these data can be modeled by a linear function. For each change of 1 year in time there is an increase of $ in tuition. Find its formula. (Let d be the date in terms of number of years since 2012 and T tuition in dollars.) T(d) = (b) Plot the data points and add the graph of the linear formula you found in part (a). T 34 000 32 000 32 000- 30 000 30 000 28 000 28 000 1 4 4 T T 34 000 34 000 32 000 32 000 30 000 30 000 28 000 d d 3 (c) What prediction does this formula give for average tuition and fees at four-year American private universities for the academic year ending in 2024? $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Continuous Probability Distribution
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL