Linear formula and money problems

Reference no: EM13118102

In 2000, the average cost of tuition and fees at public four- year colleges was $3500, and in 2005 it was $5100. The supporting information is listed below. Note that the known value for 2001 is $3700.

1.) Cost of Tuition

Plot (00,162) and (5,201) to see the shape of the line

Slope= (201-162)/5 = 7.8

Intercept= 162

Equation: y = 7.8x+162

2.) Calculate the slope of the line in your graph.

Slope = 3900/500

3.) Modeling Tuition

Y = MX + B

16200 = (7.8) 2000 + B

16200 = 15600 + B

-15600 -15600

600 = B

Y = 7.8X + 600 (SLOPE INTERCEPT FORM)

4.) Predicting Tuition

T-(2010)> 17300

Reference no: EM13118102

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