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 less. Find the sample size needed to estimate that percentage. Use a 0.03 margin of error and use a confidence level of 99%. Complete parts (a) through (c) below. a. Assume that nothing is known about the percentage to be estimated. n=1843 (Round up to the nearest integer.) b. Assume prior studies have shown that about 60% of full-time students earn bachelor's degrees in four years or less. (Round up to the nearest integer.)

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In a study of government financial aid for college students, 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 0.03 margin of error and use a confidence level of 99%. Complete parts (a) through (c) below.
G
a. Assume that nothing is known about the percentage to be estimated.
n= 1843
(Round up to the nearest integer.)
b. Assume prior studies have shown that about 60% of full-time students earn bachelor's degrees in four years or less.
n=0
(Round up to the nearest integer.)
Transcribed Image Text:In a study of government financial aid for college students, 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 0.03 margin of error and use a confidence level of 99%. Complete parts (a) through (c) below. G a. Assume that nothing is known about the percentage to be estimated. n= 1843 (Round up to the nearest integer.) b. Assume prior studies have shown that about 60% of full-time students earn bachelor's degrees in four years or less. n=0 (Round up to the nearest integer.)
Expert Solution
Step 1

From the provided information,

Margin of error (E) = 0.03

Confidence level = 99%

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