Based on the given data about the average annual tuition fees in the United States, the value of y can be found to be ŷ = 723.21429x + 31,867.5.
The slope shows that the change per year in tuition fees is less than $1,000. The y-intercept shows the cost of tuition in the base year.
The average tuition fee in 2022 will be $39,099.64.
What is the regression equation?
Using a linear programming software, the regression equation is:
ŷ = 723.21429x + 31,867.5.
This shows that the increase in tuition fees is $723 yearly.
The average annual tuition in 2022 will be:
ŷ = 723.21429x + 31,867.5.
= 723.21429(10) + 31,867.5.
= $39,099.64
Find out more on linear regression at https://brainly.com/question/12213669.
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