1. Find the least squares regression equation using the school year (in number of years after 2000) for the input variable and the average cost (in thousands of dollars) for the output variable
2.What
is the best estimate for the average cost of tuition at a 4-year institution
starting in 2000.
3.What
is the best estimate for the average cost of tuition at a 4-year institution
starting in 2020. (Hint: Use the graph from desmos, or your equation from part
A).
4. What
does the slope mean in context of the situation?
5. Most
students are not able to afford this tuition for 4 years. What are some ways
that you can lower the cost of your college tuition? If you don’t plan to
attend college, what things can do you post- HS graduation to continue your
education or provide for yourself financially?
