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 0.03 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= (Round up to the nearest integer) b. Assume prior studies have shown that about 45% of full-time students earn bachelor's degrees in four years or less. n= (Round up to the nearest integer.) c. Does the added knowledge in part (b) have much of an effect on the sample size? O A. Yes, using the additional survey information from part (b) only slightly increases the sample size. O B. No, using the additional survey information from part (b) only slightly reduces the sample size. O C. Yes, using the additional survey information from part (b) dramatically reduces the sample size. O D. No, using the additional survey information from part (b) does not change the sample size.
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 0.03 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= (Round up to the nearest integer) b. Assume prior studies have shown that about 45% of full-time students earn bachelor's degrees in four years or less. n= (Round up to the nearest integer.) c. Does the added knowledge in part (b) have much of an effect on the sample size? O A. Yes, using the additional survey information from part (b) only slightly increases the sample size. O B. No, using the additional survey information from part (b) only slightly reduces the sample size. O C. Yes, using the additional survey information from part (b) dramatically reduces the sample size. O D. No, using the additional survey information from part (b) does not change the sample size.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
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