Answer:
- y = 0.937976x +12.765
- $12,765
- $31,524
- the cost increase each year
Step-by-step explanation:
1. For this sort of question a graphing calculator or spreadsheet are suitable tools. The attached shows the linear regression line to have the equation ...
... y = 0.937976x + 12.765
where x is years since 2000, and y is average tuition cost in thousands.
2. The y-intercept is the year-2000 tuition: $12,765.
3. Evaluating the formula for x=20 gives y ≈ 31.524, so the year-2020 tuition is expected to be $31,524.
4. The slope is the rate of change of tuition with respect to number of years. It is the average increase per year (in thousands). It amounts to about $938 per year.
5. [not a math question]
