Write the description and interpretation graphics of following data:- How fast a
ID: 3306400 • Letter: W
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Write the description and interpretation graphics of following data:-
How fast are college costs going up? Public, 4-year or above - Tuition National Average Percent Change: 7.2 2015-16 Institution Navajo Technical University Prairie View A & M University The University of Texas Rio Grande ValleyTX University of Louisiana at Lafayette Langston University Alabama A & M University University of Science and Arts of Oklahoma OK McNeese State University Southeastern Louisiana University Augusta University College of William and Mary Georgia Highlands College Lewis-Clark State College Institute of American Indian and Alaska NM Florida SouthWestern State College Kentucky State University Louisiana State University and Agricultural LA Millersville University of Pennsylvania Louisiana State University-Shreveport Portland State University Northwestern Michigan College University of New Orleans Oregon State University Louisiana Tech University University of Louisiana at Monroe Western New Mexico University Utah State University New Mexico Highlands University University of Virginia-Main Campus Texas A & M University-College Station TX Grambling State University Southern University at New Orleans SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System IPEDs), Fall 2015, Institutional Characteristics component and Winter 2015-16, Student Financial Aid e 2013-14 2013-2014 Outliers College of William and Mary University of Virginia-Main Campus Increas 9,745 $7,292 8,256 $5,042 Mean Standard Erro Median 6180.90625 477.7805635 5990 14.5463498 30 Standard Deviai 2702.735011 Sample Variance 7304776.539 4.065082859 1.555654988 12970 493 $5,701 Kurtosis Skewness 27 $6,552 $15,463 $2,493 $8,282 $19,372 Minimum Maximum 25 25 197789 Count 1.1284E+102 $9,714 23 23 23 2015-2016 Outliers College of William and Mary University of Virginia-Main Campus $6,903 $6,555 $2,724 Mean Standard Erro Median 7745.09375 582.3820356 7291 Standard Deviai 3294.450293 Sample Variance 10853402.73 Kurtosis Skewness $7,302 4.3980336 $4,723 16257 20 20 20 Minimum Maximum $15,192 $12,668 $8,506 19372 247843 Count $4,911 $5,827 19 1.1284E+102Explanation / Answer
The data given is the tuition fees of 32 Colleges across various states for FY13-14 & FY15-16 College of William and Mary and University of Virginia- Main Campus are the costliest Colleges for both Financial Years (Top 2 Highest Tuition Fees). The Cheapest College was Georgia Highlands College for both the FY’s (2493 in FY13-14 and 3115 in FY15-16) Mean Tuition Fees was 6180.90$ and 7745.09$ in FY13-14 & FY15-16 respectively. (Mean = Sum of Tuition Fees / No of Colleges) Data shows that the Mean Tuition Fees has gone up by 25.3% in FY15-16 as compared to FY13-14 For all the colleges, the tuition Fees has increased more than 18% over two years. For 10 Colleges, the Tuition fees has increased more than Mean Tuition Increase (greater than 25%) while for the remaining 22 Colleges it has increased less than 25.3%. Median Tuition Fees was 5990$ and 7291$ in FY13-14 & FY15-16 respectively. (Average of middle two Tuition Fees when arranged in ascending order) Standard Deviation was 2702.73$ and 3294.45$ in FY13-14 & FY15-16 respectively. (Low Standard Deviation signifies that the data is more close to the mean while high Std Dev signifies that the data is more spread out. Hence the Tuition Fees in FY13-14 was closer to the mean than FY15-16)
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