b. Assume prior studies have shown that about 40% of full-time students earn bachelor's degrees in four years or less. (Round up to the nearest integer.)

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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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 0.05 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= 271
(Round up to the nearest integer.)
b. Assume prior studies have shown that about 40% of full-time students earn bachelor's degrees in four years or less.
n=|
(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 0.05 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= 271 (Round up to the nearest integer.) b. Assume prior studies have shown that about 40% of full-time students earn bachelor's degrees in four years or less. n=| (Round up to the nearest integer.)
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