In 1976, tuition was 1935$ a year and there was a 2.50$ minimum wage in California (8676$ and 11.37$ when adjusted to 2020 dollars). In 2020 tuition was 21337$ a year with 13$ minimum wage.

• What is the average rate of change in tuition when adjusted for inflation?
• What is the average rate of change in the minimum wage when adjusted for inflation?
• How many hours would someone have to work on minimum wage to pay tuition in 1976 vs 2020?
  • If tuition had not changed, how many hours would someone have to work on present day minimum wage?
• If we were to graph tuition and minimum wage, would these constitute a function?
  • If not, then why?
  • If so, what would the domain be and possible outputs? Give an example of a value not in the domain and another that is not in the range.

Answer rating: 100% (QA)

To calculate the average rate of change in tuition when adjusted for inflation we can use the formula final value initial value initial value 100 Usin... View the full answer