The average annual cost (including tuition, room, board, books and fees) to atte

Question

The average annual cost (including tuition, room, board, books and fees) to attend a public college-age children (Money, April 2012). At private colleges, the average annual cost is equal to about 60 % of the typical family's income. The following are the summary statistics for the random samples of annual cost of attending private and public colleges. The point estimate calculated in the previous question represents how much it costs to attend a public college for a year. True or False? True False

Explanation / Answer

False

the point estimate calculated in this question represents how much it costs for both private and public and their comparison but not how much is costs for only public college hence the statement is false

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