Chapter 4 Project Change - It's the Only Constant We all know that the cost of most things increases every year. Higher education is no different. Both the cost of tuition and the cost of room and board usually increase slightly each fall. The table shown displays the average published charges for Full-Time Undergraduates by Carnegie Classification for the academic years 2014-2015 and 2015-2016 as published by the College Board, Annual Survey of Colleges. Use the table to answer the following questions. Table 1B. Average Published Charges (Enrollment-Weighted) for Full-Time Undergraduates by Carnegie Classification, 2015-16 Public Public Public Private Private Private Doctoral Master's Bachelor's Nonprofit Nonprofit Nonprofit In-State In-State In-State Doctoral Master's Bachelor's Tuition and Fees 2015-16 $10, 354 $8 , 225 $7 , 350 $40, 519 $28 , 466 $30 , 521 2014-15 $10, 079 $7, 964 $7, 142 $39 , 074 $27 , 495 $29, 526 $ Change SLZ 261 208 $1 , 445 $971 $995 % Change 2 . 7% 3.3% 2.9% 3.7 2 3 54 3.4 % Room and Board 2015-16 $10, 520 $9, 499 $9 , 773 13 , 401 1 1. 086 10. 507 10, 197 $12, 987 $10 , 763 $10 , 168 2014-15 9, 08 8 258 $ Change $323 $411 $258 $414 $323 $339 3.2% 4.5% 2.7% 3. 2% 3. 0% 3.3% % Change Tuition and Fees plus Room and Board 2015-16 20, 874 $17 , 724 17, 123 53, 920 $39, 552 41, 028 2014-15 $20 , 276 17, 052 16, 657 $52, 061 38, 258 39 , 694 $ Change $598 672 46 6 $1 , 859 1, 294 1, 334 % Change 2 . 9 3.9% 2.8 2 3. 7 2 3.4% 3. 4 2 Percentage Distribution of Full-Time Undergraduates Fall 2014 58% 36% 6% 28% 38% 29% NOTES: Prices in Table 1B are not adjusted for inflation. Prices reported for 2014-15 have been revised and may differ from those reported in Trends in College Pricing 2014. Special focus institutions are not included in Table 1B. These institutions enroll less than 1% of all full- time undergraduate students in the public four-year sector and about 5% of all full-time undergraduate students in the private nonprofit four-year sector. See Notes and Sources on page 42 for definitions of the institutional categories in Table 1B. Source: The College Board, Annual Survey of Colleges. This table was prepared in October 2015.1. What type of calculation is indicated for each of the cells in the rows labeled"$ Change * charges from years 2015 - 15 and meade 2014 - 7. Which cater master's deter 2. In your own words, describe what this calculation represents. * increase or charge 2015 - 15 + 2014 - 15 3. What type of calculation is indicated for each of the cells in the rows labeled "% Change"? change = Increase or charges charges per year ( 2014-15 ) 100 % 4. In your own words, describe what this calculation represents. * precent or the increase OR charges 5. labeled "$ Change". Calculate each of the missing amounts in the table for both the public and private sector for the rows Answers on First page ! 6. Calculate each of the missing amounts in the table for both the public and private sector for the rows labeled "% Change". Round your answers to the nearest tenth. HAWKES LEARNING @ All rights reserved hawkeslearning comVilapiel 4 Flujene Viranye - 7. Which category of school had the largest increase in tuition and fees for the public sector: doctoral, master's, or bachelor's? Which row did you base your answer on? Explain why you chose that row to determine the largest increase. 8. Which category of school had the largest increase in room and board for the private sector: doctoral, master's, or bachelor's? * Private nonprofit bachelors had largest increase in Rooms board 2015 - 16 * private 10, 507 doctoral 2014 - 15 10, 168 13, 401 $ Change $ 339 12, 987 %% Change # 3.3 8 414 3. 2 2 9. Based on this table, what percentage of full-time undergraduates attend public institutions? Explain your