Points: 0 of 1
Determine whether the following statement makes sense or does not make sense, and explain the reasoning.
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A model that describes the average cost of tuition and fees at private colleges for the school year ending x years after 2000 cannot be used to estimate the cost of
private education for the school year ending in 2000.
Choose the correct answer below.
A. The statement makes sense because, when any model is developed for a particular range of variables, it is only applicable to that range.
B. The statement does not make sense because the year 2000 is very close to the years after 2000 (that is, $x = 0$ represents 2000, $x = 1$ represents 2001, and
so on). So, the model gives a good approximation for the year 2000.
C. The statement makes sense because the economic conditions may differ largely in the year 2000 from those of the years after 2000.
D. The statement does not make sense because, when a mathematical model is developed for a particular range of variables, it is applicable for a range twice
the size of the given range.
