vences in the total bar lengths highlight the differences in total costs among the types of institution. By looking at the color-coded segments within the bars, we see that the primary reason for these overall differences comes from differences in tuition. Other costs are more similar across the different types of institution. Now try Exercises 19-20. Average Estimated Undergraduate Budgets, Full-Time Students, 2016-2017 $1,760 I Tuition and fees Public two-year $3.520 $8,060 $17,000 Room and board commuter IBooks and supplies $1,390 $2,270 $1,160 $2,110 O Transportation Public four-year in-state on-campus $9.650 $10,440 $24,610 I Other expenses $1,250 $1,160 Public four-year out-of-state on-campus $24,930 $10,440 $39,890 $1,250 $2,110 $1,070 $49,320 Private nonprofit four-year on-campus $33,480 $11,890 $1,230 $1,650 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 Undergraduate budget $0 FIGURE 5.13 This stack plot uses stacked horizontal bars to show the breakdown of average student budgets at different ypes of institutions. Source: The College Board, "Trends in College Pricing 2016."

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Write a complete solution including all necessary calculations, formulas, and a listing of all variables and their values Find the % of a two year commuter budget which is spent on room and board.
**Figure 5.13: Average Estimated Undergraduate Budgets, Full-Time Students, 2016–2017**

This stacked horizontal bar chart illustrates the breakdown of average student budgets across different types of institutions for the 2016–2017 academic year. The data is sourced from The College Board's "Trends in College Pricing 2016."

- **Private Nonprofit Four-Year, On-Campus: $49,320**
  - Tuition and fees: $33,480
  - Room and board: $11,890
  - Books and supplies: $1,250
  - Transportation: $1,050
  - Other expenses: $1,650

- **Public Four-Year, Out-of-State, On-Campus: $39,890**
  - Tuition and fees: $24,930
  - Room and board: $10,440
  - Books and supplies: $1,250
  - Transportation: $1,070
  - Other expenses: $1,200

- **Public Four-Year, In-State, On-Campus: $24,610**
  - Tuition and fees: $9,650
  - Room and board: $10,440
  - Books and supplies: $1,250
  - Transportation: $1,110
  - Other expenses: $2,160

- **Public Two-Year, Commuter: $17,060**
  - Tuition and fees: $3,520
  - Room and board: $8,060
  - Books and supplies: $1,390
  - Transportation: $1,780
  - Other expenses: $2,310

The differences in total costs among these institutions are primarily due to variations in tuition rates, with significant cost distinctions evident in the tuition and fees segments. Room and board also contribute substantially to the overall expenses for on-campus students. Other costs such as books, transportation, and other expenses are relatively similar across the different institution types.
Transcribed Image Text:**Figure 5.13: Average Estimated Undergraduate Budgets, Full-Time Students, 2016–2017** This stacked horizontal bar chart illustrates the breakdown of average student budgets across different types of institutions for the 2016–2017 academic year. The data is sourced from The College Board's "Trends in College Pricing 2016." - **Private Nonprofit Four-Year, On-Campus: $49,320** - Tuition and fees: $33,480 - Room and board: $11,890 - Books and supplies: $1,250 - Transportation: $1,050 - Other expenses: $1,650 - **Public Four-Year, Out-of-State, On-Campus: $39,890** - Tuition and fees: $24,930 - Room and board: $10,440 - Books and supplies: $1,250 - Transportation: $1,070 - Other expenses: $1,200 - **Public Four-Year, In-State, On-Campus: $24,610** - Tuition and fees: $9,650 - Room and board: $10,440 - Books and supplies: $1,250 - Transportation: $1,110 - Other expenses: $2,160 - **Public Two-Year, Commuter: $17,060** - Tuition and fees: $3,520 - Room and board: $8,060 - Books and supplies: $1,390 - Transportation: $1,780 - Other expenses: $2,310 The differences in total costs among these institutions are primarily due to variations in tuition rates, with significant cost distinctions evident in the tuition and fees segments. Room and board also contribute substantially to the overall expenses for on-campus students. Other costs such as books, transportation, and other expenses are relatively similar across the different institution types.
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