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 99​%. Complete parts​ (a) through​ (c) below. a. Assume that nothing is known about the percentage to be estimated.     b. Assume prior studies have shown that about 45​% of​ full-time students earn​ bachelor's degrees in four years or less.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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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 99​%.
Complete parts​ (a) through​ (c) below.
a. Assume that nothing is known about the percentage to be estimated.
 
 
b. Assume prior studies have shown that about
45​%
of​ full-time students earn​ bachelor's degrees in four years or less.
 
 
 
 
 
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