Question
Tuition and fees at public four-year and public two-year institutions from 2000-2015 are shown in the table below. Values have been adjusted to 2014 dollars
Tuition and fees at public four-year and public two-year institutions from 2000-2015 are shown in the table below. Values have been adjusted to 2014 dollars to account for inflation.
Average Tuition and Fees in 2014 Dollars 2000-01 to 2014-15 | ||
---|---|---|
Academic Year | Public Four-Yr | Public Two-Yr |
00-01 | $4,837 | $2,264 |
01-02 | $5,055 | $2,158 |
02-03 | $5,421 | $2,214 |
03-04 | $6,018 | $2,473 |
04-05 | $6,448 | $2,615 |
05-06 | $6,696 | $2,660 |
06-07 | $6,795 | $2,653 |
07-08 | $7,081 | $2,624 |
08-09 | $7,148 | $2,580 |
09-10 | $7,825 | $2,842 |
10-11 | $8,337 | $2,997 |
11-12 | $8,728 | $3,135 |
12-13 | $8,991 | $3,280 |
13-14 | $9,062 | $3,306 |
14-15 | $9,139 | $3,347 |
a. What is the absolute change in tuition and fees at public four-year institutions from 2005-06 to 2014-15?
b.Calculate the relative change in tuition and fees at public four-year institutions from 2005-06 to 2014-15. Round to the nearest whole percentage point.
c. What is the absolute change in tuition and fees at public two-year institutions from 2005-06 to 2014-15?
d. Calculate the relative change in tuition and fees at public two-year institutions from 2005-06 to 2014-15. Round to the nearest whole percentage point.
Please label your answers with a, b, c, d.
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