The National Center for Education Statistics reported the following data on the average cost per year for
Question:
The National Center for Education Statistics reported the following data on the average cost per year for tuition, fees, and room and board for 4-year public institutions in the United States (nces.ed .gov/fastfacts/display.asp?id=76, retrieved April 17, 2017). Construct a time series plot of these data and comment on the trend over time.
Year............................Average Cost
2002............................$14,439
2003............................$15,505
2004............................$16,510
2005............................$17,451
2006............................$18,471
2007............................$19,363
2008............................$20,409
2009............................$21,126
2010............................$22,074
2011............................$23,011
2012............................$23,872
2013............................$24,706
Step by Step Answer:
Introduction To Statistics And Data Analysis
ISBN: 9781337793612
6th Edition
Authors: Roxy Peck, Chris Olsen, Tom Short