Question: The information below shows the cost for a year of college in public and private colleges in 200203 and 201213. What is the geometric mean

The information below shows the cost for a year of college in public and private colleges in 2002â€“03 and 2012â€“13. What is the geometric mean annual increase for the period for the two types of colleges? Compare the rates ofincrease.

Type of College Public Private 2002-03 $4,960 18,056 2012-13 $ 8,655 29,056

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