Hence, y = 638x + 9337
Explanation:
By using two points and those are:
(1,9975) and (3,11251) we can find the slope like this:
m = y2 - y1 / x2 - x1
m = 11251 - 9975 / 3 - 1
m = 1276 / 2
m = 638
Therefore using the slop-intercept form we can find the equation:
y - y1 = m(x - x1)
y - 9975 = 638(x - 1)
y - 9975 = 638x - 638
y = 638x - 638 + 9975
y = 638x + 9337: This is the Answer
Therefore, the prediction of the cost of college tuition in:
2004 - 2005
x = 7
y = 638 (7) + 9337
y = 4466 + 9337
y = 13803
Hence it is: $13803
Hope it helps!