Choose the best answers to complete the statements below.
1 answer:
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Answer: 1) The best estimate for the average cost of tuition at a 4-year institution starting in 2020 =$ 31524.31
2) The slope of regression line b=937.97 represents the rate of change of average annual cost of tuition at 4-year institutions (y) from 2003 to 2010(x). Here,average annual cost of tuition at 4-year institutions is dependent on school years .
Step-by-step explanation:
1) For the given situation we need to find linear regression equation Y=a+bX for the given situation.
Let x be the number of years starting with 2003 to 2010.
i.e. n=8
and y be the average annual cost of tuition at 4-year institutions from 2003 to 2010.
With reference to table we get
By using above values find a and b for Y=a+bX, where b is the slope of regression line.
and
∴ To find average cost of tuition at a 4-year institution starting in 2020.(as n becomes 18 for year 2020 if starts from 2003 ⇒X=18)
So, Y= 14640.85 + 937.97×18 = 31524.31
∴The best estimate for the average cost of tuition at a 4-year institution starting in 2020 = $31524.31
Answer:
2/3
Step-by-step explanation:
Let's define z = x-y, so solving for z will tell us exactly what we want to know. Then we can substitute for x: x = z+y, and our equations become ...
7(z+y)+3y = 8 ⇒ 7z +10y = 8
6(z+y)-3y = 5 ⇒ 6z +3y = 5
We can eliminate the y-variable by subtracting 3 times the first equation from 10 times the second:
10(6z +3y) -3(7z +10y) = 10(5) -3(8)
60z +30y -21z -30y = 50 -24 . . . . eliminate parentheses
39z = 26 . . . . collect terms
z = 26/39 = 2/3 . . . . . divide by the coefficient of z and reduce
The value of x - y is 2/3.
_____
The attached graph shows (x, y) = (1, 1/3), so x - y = 1 - 1/3 = 2/3.
