Math Solutions

[Solution] The average annual published cost of tuition, room and board at private, 4 year university for the academic year 2017-2018 is $46,950 according

Question: The average annual published cost of tuition, room and board at private, 4 year university for the academic year 2017-2018 is $46,950 according to the " Trends in College Pricing 2017" report of the College Board. A group of financial aid administrators believe that the average cost is lower. A study conducted using a sampling of 25 private universities showed that the average cost per year is $42,874 with a standard deviation of $1,618.

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