A Public College Had Tuition and Fees of $21,000,000

question 107

Multiple Choice

A public college had tuition and fees of $21,000,000. Scholarships, for which no services were required, amounted to $2,500,000. Graduate assistantships, for which services were required, amounted to $1,600,000. The amount to be reported by the public college as net tuition and fees would be:

• A) $21,000,000.
• B) $19,400,000.
• C) $18,500,000.
• D) $16,900,000.

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Definitions:

Exponential Smoothing Model

A time series forecasting technique that applies weighting factors which decrease exponentially to past observations.

Mean Absolute Percentage Error

A measure used in statistics to assess the accuracy of a forecast or prediction, calculated as the average of absolute percentages of errors between predicted and observed values.

Smoothing Constant

A smoothing constant is a parameter in exponential smoothing used to control the level of smoothing applied to a time series.

Holt-Winters Additive Model

A forecasting technique that applies weighted averages and seasonality to predict future data points.