The following table shows the cost of tuition at Jensen University for the years 2002-2016. Year,...

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The following table shows the cost of tuition at Jensen University for the years 2002-2016. Year, t Cost ($), C 2002 2004 C. 2006 2008 5000 5250 5450 5750 2010 a. Explain why the cost of tuition not a perfect linear model? (3) Find and interpret the slope from part b. (3) 5950 2012 2014 2016 6100 b. Find the equation of the line of best fit for the cost of tuition as a function of time. (Let t represent the number of years after 2000.) (3) 6500 6750 d. Find and interpret the y-intercept from part b. (3) e. Use the regression equation to estimate the cost of tuition at Jensen University in 2022. (3) The following table shows the cost of tuition at Jensen University for the years 2002-2016. Year, t Cost ($), C 2002 2004 C. 2006 2008 5000 5250 5450 5750 2010 a. Explain why the cost of tuition not a perfect linear model? (3) Find and interpret the slope from part b. (3) 5950 2012 2014 2016 6100 b. Find the equation of the line of best fit for the cost of tuition as a function of time. (Let t represent the number of years after 2000.) (3) 6500 6750 d. Find and interpret the y-intercept from part b. (3) e. Use the regression equation to estimate the cost of tuition at Jensen University in 2022. (3)

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a Why is the cost of tuition not a perfect linear model Many points are not lying on the line eg 200... View the full answer