A Year's Tuition at a State University Cost $250 in 1972

question 76

Multiple Choice

A year's tuition at a state university cost $250 in 1972 when the CPI equaled 0.418. The cost of a year's tuition at the same state university cost $3,000 in 2005 when the CPI equaled 1.68. The real cost of tuition between 1972 and 2005:

• A) increased.
• B) decreased.
• C) remained constant.
• D) may have either increased or decreased.

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Definitions:

Vehicles

Means of transportation that are used to move people or goods from one place to another, including cars, trucks, bicycles, and airplanes.

Standard Deviation

A statistical metric that quantifies the spread or dispersion of a dataset relative to its mean, showcasing variability.

Annual Snowfall

The total amount of snow that falls within a specific geographic area over the course of a year.

Mean

The average of a data set, found by adding all the numbers together and dividing by the quantity of numbers.