The following frequency distribution shows the yearly tuition (in $1,000s) of a sample of private colleges.
YearlyTuition
Frequency
12 - 16
5
17 - 21
4
22 - 26
3
27 - 31
5
For the above data, compute the mean yearly tuition. (Give your answer in dollars.)
What will be an ideal response?
$21,352.94
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______ is the process of ensuring that the model is reasonably robust and an accurate reflection of the real-world system that is being used.
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