The double-bar graph shown displays the average cost of an undergraduate student's tuition, fees, and room and board for the academic years 2012-2013 to 2016-2017 at both a 2-year and a 4-year public institution. What was the percent increase in the average cost at a public 4-year institution from 2012-13 to 2016-17? - 2-year 14-year 300- 250- 235 237 239 241 246 200- 150- 96 99 103 109 100-93 50- 2012-13 2013-14 2014-15 2015-16 2016-17 Academic year ..... The percent increase in the average cost at a 4-year institution from 2012-13 to 2016-17 was %. (Round to the nearest whole number as needed.) Average Cost (in hundreds of dollars)
The double-bar graph shown displays the average cost of an undergraduate student's tuition, fees, and room and board for the academic years 2012-2013 to 2016-2017 at both a 2-year and a 4-year public institution. What was the percent increase in the average cost at a public 4-year institution from 2012-13 to 2016-17? - 2-year 14-year 300- 250- 235 237 239 241 246 200- 150- 96 99 103 109 100-93 50- 2012-13 2013-14 2014-15 2015-16 2016-17 Academic year ..... The percent increase in the average cost at a 4-year institution from 2012-13 to 2016-17 was %. (Round to the nearest whole number as needed.) Average Cost (in hundreds of dollars)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![The double-bar graph displays the average cost of an undergraduate student's tuition, fees, and room and board for the academic years 2012-2013 to 2016-2017 at both a 2-year and a 4-year public institution.
### Graph Explanation:
- **Vertical Axis (Y-axis):** Represents the average cost in hundreds of dollars.
- **Horizontal Axis (X-axis):** Represents the academic years from 2012-13 to 2016-17.
- **Bars:**
- **Orange bars:** Costs for a 2-year institution.
- **Blue bars:** Costs for a 4-year institution.
### Cost Data:
- **2012-13:**
- 2-year: $9,300
- 4-year: $23,500
- **2013-14:**
- 2-year: $9,600
- 4-year: $23,700
- **2014-15:**
- 2-year: $9,600
- 4-year: $23,900
- **2015-16:**
- 2-year: $10,300
- 4-year: $24,100
- **2016-17:**
- 2-year: $10,900
- 4-year: $24,600
### Task:
Calculate the percent increase in the average cost at a public 4-year institution from 2012-13 to 2016-17. (Round to the nearest whole number as needed.)
### Calculation:
1. Initial Cost (2012-13): $23,500
2. Final Cost (2016-17): $24,600
3. Percent Increase = \(\frac{(24,600 - 23,500)}{23,500} \times 100\)
\[ \text{Percent Increase} = \frac{1,100}{23,500} \times 100 \approx 4.68\% \]
Thus, the percent increase in the average cost at a 4-year institution is approximately 5%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdde5ed36-ed30-4592-999a-f760ff87de21%2Fb1419220-262e-4e6f-a40e-beb5043decfb%2F3ndeypm_processed.png&w=3840&q=75)
Transcribed Image Text:The double-bar graph displays the average cost of an undergraduate student's tuition, fees, and room and board for the academic years 2012-2013 to 2016-2017 at both a 2-year and a 4-year public institution.
### Graph Explanation:
- **Vertical Axis (Y-axis):** Represents the average cost in hundreds of dollars.
- **Horizontal Axis (X-axis):** Represents the academic years from 2012-13 to 2016-17.
- **Bars:**
- **Orange bars:** Costs for a 2-year institution.
- **Blue bars:** Costs for a 4-year institution.
### Cost Data:
- **2012-13:**
- 2-year: $9,300
- 4-year: $23,500
- **2013-14:**
- 2-year: $9,600
- 4-year: $23,700
- **2014-15:**
- 2-year: $9,600
- 4-year: $23,900
- **2015-16:**
- 2-year: $10,300
- 4-year: $24,100
- **2016-17:**
- 2-year: $10,900
- 4-year: $24,600
### Task:
Calculate the percent increase in the average cost at a public 4-year institution from 2012-13 to 2016-17. (Round to the nearest whole number as needed.)
### Calculation:
1. Initial Cost (2012-13): $23,500
2. Final Cost (2016-17): $24,600
3. Percent Increase = \(\frac{(24,600 - 23,500)}{23,500} \times 100\)
\[ \text{Percent Increase} = \frac{1,100}{23,500} \times 100 \approx 4.68\% \]
Thus, the percent increase in the average cost at a 4-year institution is approximately 5%.
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