II. Critical Thinking (exploring issues and ideas before accepting or formulatin
ID: 3349891 • Letter: I
Question
II. Critical Thinking (exploring issues and ideas before accepting or formulating an opinion or conclusion.) What exactly are you being asked to do with this assignment? 2. Evidence What are the sources of data used in this problem? a. Source of EFC data in Figure 3, the COST graph: b. Source of data of Table 1? Are there other sources of information which could be considered? 3. Influence of context and assumptions a. What mathematical assumptions do you think were made in deriving Fig 3, the COST graph? b. Compare your cost estimates in 2020 using Table 1, A and B, (Part I1.3.g) with the cost estimates in Figure 3 of the EFC image. (The smooth solid (red) line with the arrow is the tuition cost line.) What contextua inenes of cultral, social politioal, philosophical,and or historical do you recognize? 4. Conclusions What conclusions can be made from your analysis? O ha ps ty 144 40Explanation / Answer
As a Chegg answering protocol ,i shall answer the first four subparts.
1. We are asked to do the follwing as per the assignment.
a). To read,understand and analyse the data sets given. -Data Interpretation
b). To check for the correctness of the data given -Data Validation
c). To predict the future data based on data trend given - Data Prediction
d). To make decision based on information extacted from data given -Decision making
2. Data Sources
a). Source of EFC data is the eastfield college website.
b). Source of table 1 is the college board and the annual survey of colleges
The other sources of information with respect ot the data analysis related totuiton fees and course load can be
i). The state education ministry
ii). Nation center for education statistics etc.
3). The assumptions made in the COST graph are:-
i). Age is inversely related to income (the faster you earn a degree, the faster you can earn on your education investment)
ii). The duration of course is related to income .