Answer:
Average annual tuition is $16991 for the year 2020.
Step-by-step explanation:
By using excel for the equation of the line of best fit,
Slope of the line from given data = 380.0286
y - intercept of the line = 11290.1
Therefore, equation of the regression line will be,
y = 380.0286x + 11290.1
Where x = number of years after 2005
Now we have to calculate the average annual tuition in the year 2020,
By substituting the value of x = 2020 - 2005
= 15 years
y = 380.0286×(15) + 11290.1
y = 16990.529
≈ 16991
Therefore, average annual tuition is $16991 for the year 2020.
