Solve
-To the Nearest Dollar, the Average Tuition at a Public

question 303

Multiple Choice

Solve.
-To the nearest dollar, the average tuition at a public four-year college was $\$ 3024$ in 1997 and $\$ 3216$ in 1998. Use the ordered pairs $( 1997 , \$ 3024 )$ and $( 1998 , \$ 3216 )$ to find and interpret the slope of the line representing the change in tuition (to the nearest dollar per year) .

• A) tuition increased \(\$ 192\) per year
• B) tuition decreased \(\$ 192\) per year
• C) tuition increased \(\$ 203\) per year
• D) tuition increased \(\$ 209\) per year

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Definitions:

Maintenance Fees

Charges assessed to cover the costs of maintaining and improving property or equipment.

Property Taxes

Taxes assessed on real estate by a government, calculated based on the property's value.

Linear Regression

A statistical method used for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Monthly Rental

The amount of money paid periodically (typically monthly) by a tenant to a landlord for the use of a property or space.