Answer:
The cost in 2007 - 2008 = $15,795.5
The linear model for the data is y = $650.5·x + $9290.5
Step-by-step explanation:
The given data can be presented as follows;
College year, x, Estimated tuition, y
1997-1998, 0, $9412
1998-1999, 1, $9941
1999-2000, 2, $10561
2000-2001, 3, $11242
2001-2002, 4, $11965
2002-2003, 5,
2003-2004, 6,
2004-2005, 7,
2005-2006, 8,
2006-2007, 9,
2007-2008, 10,
With points (1, 9941) and (3, 11242), we have the slope given by the equation;
[tex]m = \dfrac{y_2 - y_1}{x_2 - x_1}[/tex]
Which gives;
[tex]m = \dfrac{11242 - 9941}{3 - 1}= 650.5[/tex]
Therefore;
y - 11242 = 650.5 × (x - 3)
y= 650.5·x - 650.5 ×3 + 11242
y = 650.5·x + 9290.5
Therefore from the above table at 2007 - 2008, the value of x should be 10, we therefore have;
y = 650.5×10 + 9290.5 = $15,795.5
The cost (estimated tuition) in 2007 - 2008 = $15,795.5
The linear model for the data is y = 650.5·x + 9290.5.
