Problem

Cost of Public College EducationThe table lists theaverage annual costs (in dollars) of tu...

Cost of Public College EducationThe table lists theaverage annual costs (in dollars) of tuition and fees at public four-year colleges for selected years.

Year

Tuition and Fees (in dollars)

2000

3505

2003

4632

2005

5491

2008

6532

2010

7605

(a) Use a calculator to find the least-squares regression line for these data, where x is the number of years after 2000.

(b) Based on your result from part (a), write an equation that yields the same y-values when the actual year is entered.

(c) Estimate the cost of tuition and fees in 2009 to the nearest hundred dollars.

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