Tuition CPI The CPI (for all urban consumers) for college tuition and fees between 2000 and 2008 is given below.
a. Find a model for the CPI with input aligned to t = 0 in 2000. Round the coefficients of the equation to two decimal places.
b. Use the algebraic method to develop a formula for the derivative of the rounded model.
c. Evaluate the rate of change of the function in part a for the year 2005. Interpret the result.
d. Calculate the percentage rate of change in the CPI in 2005. Interpret the result.
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