b. Assume prior studies have shown that about 55% of full-time students earn bachelor's degrees in four years or less. n= (Round up to the nearest integer.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 14PPS
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In a study of government financial aid for college students, it becomes necessary to estimate the percentage of full-time college students who earn a bachelor's degree in four years or less. Find the sample
size needed to estimate that percentage. Use a 0.04 margin of error and use a confidence level of 90%. Complete parts (a) through (c) below.
a. Assume that nothing is known about the percentage to be estimated.
n= 423
(Round up to the nearest integer.)
b. Assume prior studies have shown that about 55% of full-time students earn bachelor's degrees in four years or less.
n=D
(Round up to the nearest integer.)
Transcribed Image Text:In a study of government financial aid for college students, it becomes necessary to estimate the percentage of full-time college students who earn a bachelor's degree in four years or less. Find the sample size needed to estimate that percentage. Use a 0.04 margin of error and use a confidence level of 90%. Complete parts (a) through (c) below. a. Assume that nothing is known about the percentage to be estimated. n= 423 (Round up to the nearest integer.) b. Assume prior studies have shown that about 55% of full-time students earn bachelor's degrees in four years or less. n=D (Round up to the nearest integer.)
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