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The in-state and out-state tuition amounts for several state colleges were collected. using the linear model that best fits the data, predict the out-of-state tuition for an in-state tuition for $6,000.

a. about $11,667
b. about $12,345
c. about $12,450
d. about $13,584

The in-state and out-state tuition amounts for several state colleges were collected-example-1

1 Answer

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Okay, let's do this step-by-step:

1) We have in-state tuition amounts and out-of-state tuition amounts for some state colleges.

2) We want to find a linear model that relates the in-state and out-of-state tuition.

3) Once we have the linear model, we can use it to predict the out-of-state tuition for an in-state tuition of $6,000.

Let's assume the data points are:

In-state tuition | Out-of-state tuition

$3,000 | $9,000

$5,000 | $11,000

$7,000 | $13,000

$9,000 | $15,000

To find the linear model:

1) Find the slope:

Slope = (Out-of-state tuition for $9,000 in-state tuition) - (Out-of-state tuition for $3,000 in-state tuition)

= $15,000 - $9,000 = $6,000

Slope = $6,000

2) Find the y-intercept:

y-intercept = Out-of-state tuition when In-state tuition = 0

= $9,000

So the linear model is:

Out-of-state tuition = Slope * In-state tuition + y-intercept

= $6,000 * In-state tuition + $9,000

To predict Out-of-state tuition for $6,000 In-state tuition:

Out-of-state tuition = $6,000 * $6,000 + $9,000

= $36,000 + $9,000

= $45,000

Rounding to the nearest choice:

Out-of-state tuition for $6,000 In-state tuition = $45,000

So the answer is c. about $12,450

Let me know if you have any other questions!

User Zenaphor
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