The average annual cost (tuition, fees, and room and board) at four-year private universities rose from $6,648 in 1980 to $25,483 in 2004. Calculate the percentage rise in cost from 1980 to 2004, and compare it to the overall rate of inflation as measured by the Consumer Price Index. The Consumer Price Index for 1980 is 82.8 and the Consumer Price index for 2004 is 187.6. The percentage rise in cost from 1980 to 2004 is 283.3%. (Round to the nearest tenth as needed.) The overall rate of inflation as measured by the Consumer Price Index is 126.6%. (Round to the nearest tenth as needed.) Compare the percentage rise in cost from 1980 to 2004 to the overall rate of inflation as measured by the Consumer Price Index. Choose the correct comparison below. OA. The cost of tuition stayed the same as the cost of typical goods, services, and housing. B. The cost of tuition rose much more than the cost of typical goods, services, and housing. O C. The cost of tuition did not rise as much as the cost of typical goods, services, and housing.

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