College Tuition Average tuition (including room and board) for all institutions of higher learning in year x can be approximated by y = 461 x + 16 , 800 dollars, where x = 0 corresponds to 2004, x = 1 corresponds to 2005, and so on. ( Source: U.S. National Center of Education Statistics .) a. Approximately what was the average tuition in 2011? b. Assuming that the formula continues to hold, when will the average tuition exceed $25,000?
College Tuition Average tuition (including room and board) for all institutions of higher learning in year x can be approximated by y = 461 x + 16 , 800 dollars, where x = 0 corresponds to 2004, x = 1 corresponds to 2005, and so on. ( Source: U.S. National Center of Education Statistics .) a. Approximately what was the average tuition in 2011? b. Assuming that the formula continues to hold, when will the average tuition exceed $25,000?
Solution Summary: The author analyzes how the average tuition in the year 2011 is underset_20027.
College Tuition Average tuition (including room and board) for all institutions of higher learning in year x can be approximated by
y
=
461
x
+
16
,
800
dollars, where
x
=
0
corresponds to 2004,
x
=
1
corresponds to 2005, and so on. (Source: U.S. National Center of Education Statistics.)
a. Approximately what was the average tuition in 2011?
b. Assuming that the formula continues to hold, when will the average tuition exceed $25,000?
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