Job opportunity surveys have consistently shown a high demand for those who can use mathematics to model complex processes and make informed predictions of the future. With this assignment, the student has the opportunity to demonstrate his or her level of sophistication with respect to the key, in-demand skills of communication, quantitative literacy, and critical thinking. One skill of critical thinking involves evaluating information taken from sources and questioning its authenticity. This assignment may contain questionable information. Objective: You are to consider the implications of rising tuition costs and make better, more informed life decisions with respect to course load. Specifically, you will estimate the tuition costs in the year 2020 - 2021. Answer the following questions using complete sentences.
II. Quantitative Literacy (using numerical data to reason and accurately solve quantitative problems.) Part a. Analyzing 10 years of tuition data la. Interpretation The following Table A shows the average costs for the indicated academic year for all Texas public two-year community colleges. 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 $1662 $1746 $1858 $2040 $2146 $2204 $2290 2019-2020 2020-2021 2015-2016 $2324 2016-2017 $2437 2017-2018 $2560 2018-2019 $2620 Table A Texas Public Two-Year In-District Tuition and Fees Source: The College Board, Annual Survey of Colleges Note: Average tuition and fee prices are weighted by full-time enrollment (12 hours per semester.) aa, What is the trend of these numbers? ab, Which year-over-year increase appears to be the smallest? ac. What drives these numbers to increase? 2a. Representation (converting information into mathematical form) together with 3a. Calculations aa, Compute the average (the mean) tuition costs using Table A. ab. Find the median of Table A. ac. Find the mode, if any, of Table A. ad. How much did tuition increase from 2008 to 2018-2019?_ ae. Find the average increase per year. Page 2 of 5 af. Using this average, estimate the tuition for 2019-2020 and 2020-2021. Tuition estimate for 2019-2020 = $ Tuition estimate for 2020-2021 = $ ag, Find the per cent increase in tuition from your estimate of tuition in 2020-2021 from the previous year. Number of classes 84 per semester Years to obtain an Associate Degree >>>ARE YOU ON THE FAST-TRACK? The faster you earn a degree, the faster you can start earning preturn on your educational investment. Time is Money $$$$$$ Years to obtain an Associate Degree Vs. Years to maximize earnings BYSSSSSSSSSSSSSSSSSSSSSSSSSSSS EARNING YEARS BY $$1$$$$$$$$$$$$$$$$$$$ EARNING YEARS SYRS SS SS SS SS SS S EARNING YEARS IMO= LULUU= OLII = OOOOOOOOOOOO In the long run, the longer you take to complete a degree, the more it will cost you financially. TOYEARS SISSSSSSSSSSS EARNING YEARS 32 22 Average age of Eastfield Student 62 66 Average U.S retirement Figure 1 . . . .. .. .. .. .. .. .. .. .. .. . . . DOLLARS PLAN YOUR FUTURE TODAY! AT EASTFIELD COLLEGE YEAR 2014 2016 Cost of Living 2018 2020 College Debt Figure 3 2022 2024 College Tuition II. Quantitative Literacy (using numerical data to reason and accurately solve quantitative problems.) Part a. Analyzing 10 years of tuition data la. Interpretation The following Table A shows the average costs for the indicated academic year for all Texas public two-year community colleges. 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 $1662 $1746 $1858 $2040 $2146 $2204 $2290 2019-2020 2020-2021 2015-2016 $2324 2016-2017 $2437 2017-2018 $2560 2018-2019 $2620 Table A Texas Public Two-Year In-District Tuition and Fees Source: The College Board, Annual Survey of Colleges Note: Average tuition and fee prices are weighted by full-time enrollment (12 hours per semester.) aa, What is the trend of these numbers? ab, Which year-over-year increase appears to be the smallest? ac. What drives these numbers to increase? 2a. Representation (converting information into mathematical form) together with 3a. Calculations aa, Compute the average (the mean) tuition costs using Table A. ab. Find the median of Table A. ac. Find the mode, if any, of Table A. ad. How much did tuition increase from 2008 to 2018-2019?_ ae. Find the average increase per year. Page 2 of 5 af. Using this average, estimate the tuition for 2019-2020 and 2020-2021. Tuition estimate for 2019-2020 = $ Tuition estimate for 2020-2021 = $ ag, Find the per cent increase in tuition from your estimate of tuition in 2020-2021 from the previous year. Number of classes 84 per semester Years to obtain an Associate Degree >>>ARE YOU ON THE FAST-TRACK? The faster you earn a degree, the faster you can start earning preturn on your educational investment. Time is Money $$$$$$ Years to obtain an Associate Degree Vs. Years to maximize earnings BYSSSSSSSSSSSSSSSSSSSSSSSSSSSS EARNING YEARS BY $$1$$$$$$$$$$$$$$$$$$$ EARNING YEARS SYRS SS SS SS SS SS S EARNING YEARS IMO= LULUU= OLII = OOOOOOOOOOOO In the long run, the longer you take to complete a degree, the more it will cost you financially. TOYEARS SISSSSSSSSSSS EARNING YEARS 32 22 Average age of Eastfield Student 62 66 Average U.S retirement Figure 1 . . . .. .. .. .. .. .. .. .. .. .. . . . DOLLARS PLAN YOUR FUTURE TODAY! AT EASTFIELD COLLEGE YEAR 2014 2016 Cost of Living 2018 2020 College Debt Figure 3 2022 2024 College Tuition
