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24 June, 23:14

For the years between 2003 and 2010, the equation yˆ=937.98x+12,764.90 models the average cost of tuition of four-year colleges, in dollars, where x is the number of years after 2000. What is the best estimate for the average cost of tuition in 2005? Enter your answer in the box. Round to the nearest dollar.

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  1. 24 June, 23:42
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    The best estimate for the average tuition cost in the year 2005 is $7,455

    Step-by-step explanation:

    In this question, we shall be using the predicted equation to predict the value of tuition in the year 2005.

    The equation is y = 937.98x + 12,764.90

    since x is the number of years after 2000 and we are looking at the average tuition cost in year 2005, thus, our x will be 2005-2000 = 5 years

    Substituting this into the equation, we have;

    y = 937.98 (5) + 12,764.90

    y = 7,454.8 which is 7,455 to the nearest dollars
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