Math Problem Statement
Solution
The problem asks to determine a linear function representing the cost of tuition per credit hour at a university, where is the number of years since 1990.
From the image, the cost of tuition in 1990 was $97 per credit hour, and by 1997 it had risen to $188 per credit hour.
First, we calculate the rate of change per year:
- 1990 corresponds to
- 1997 corresponds to
- Change in tuition cost from 1990 to 1997 is $$$188 - $97 = $91$$
- Rate of change per year dollars per year
Thus, the slope of the linear function is approximately 13.
Using the point-slope form of the linear equation: where is the point (0, 97), substituting the known values:
To find the cost of tuition in 2003:
- 2003 corresponds to
Therefore, the linear function is , and the tuition cost in 2003 would be $266 per credit hour.
Do you need any further explanations or details on how these calculations were done?
Here are some additional questions you might consider:
- How would you modify the equation if the rate of tuition increase changed?
- What would be the tuition in 2020 based on this model?
- How would the equation change if we included more data points from other years?
- Can you apply this model to predict future tuition costs? What factors might affect its accuracy?
- How could you use this model in budget planning for future college expenses?
Tip: Always verify the units of your slope when working with real-world linear models to ensure they match the context of the problem.
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Math Problem Analysis
Mathematical Concepts
Linear Functions
Slope Calculation
Algebra
Formulas
C(x) = mx + b
Slope formula: m = (y2 - y1) / (x2 - x1)
Theorems
Point-slope form
Suitable Grade Level
Grades 9-11