Dawn Swift Discovered That 20 Years Ago,the Average Tuition for One

question 78

Multiple Choice

Dawn Swift discovered that 20 years ago,the average tuition for one year at an Ivy League school was $4,500.Today,the average cost is $29,000.What is the growth rate in tuition cost over this 20-year period? Round off to the nearest 0.1%.

• A)15.5%
• B)4.2%
• C)9.8%
• D)10.6%

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Definitions:

Errors

Mistakes or inaccuracies in actions, calculations, or judgments.

Expectancy

The anticipation or belief about the likelihood of an event occurring in the future.

Perceived Relationship

The subjective understanding or interpretation of the nature, quality, and dynamics of a connection between entities.

Expectancy Model

A psychological theory that explains motivation as a process where individuals evaluate the likelihood that their efforts will lead to desired outcomes.