in a study of government financial aid for college​ students, it becomes necessary to estimate the percentage of​ full-timecollege students who earn a​ bachelor's degree in four years or less. Find the sample size needed to estimate that percentage. Use a 0.02 margin of error and use a confidence level of 90​%. 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.)

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
icon
Related questions
Question

in a study of government financial aid for college​ students, it becomes necessary to estimate the percentage of​ full-timecollege students who earn a​ bachelor's degree in four years or less. Find the sample size needed to estimate that percentage. Use a 0.02 margin of error and use a confidence level of 90​%.

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.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning