Problem

Solve the problem.Business The following table shows the average cost of tuition and fees,...

Solve the problem.

Business The following table shows the average cost of tuition and fees, in dollars, at private colleges in various years*:

Year

Cost

1977

2700

1982

4639

1987

7048

1992

10,448

1997

13,785

2002

18,060

2007

23,712

(a) Let x = 7 correspond to 1977. Find a quadratic function f(x) = a(xh)2 + k that models this data, using (7, 2700) as the vertex and the data for 2007.


(b) Estimate average tuition and fees at private colleges in 2012.

*U.S. National Center for Education Statistics.

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