Suppose that a random sample of 200 entering students in 2000 showed 74% were still enrolled 3 years later. Another random sample of 200 entering students in 2010 showed that 66% were still enrolled 3 years later. This constitutes an 8% change in 3-year retention rate. However, the 8% difference is based on random sampling, and is only an estimate of the true difference. What is the margin of error of the estimation with 95% confidence? A. 0.34% OB. 7.51% C. 8.95% OD. 4.57% OE. 2.46%

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Suppose that a random sample of 200 entering students in 2000 showed 74% were still enrolled 3 years later. Another random sample of 200 entering students in 2010 showed that 66% were still enrolled
3 years later. This constitutes an 8% change in 3-year retention rate. However, the 8% difference is based on random sampling, and is only an estimate of the true difference. What is the margin of error
of the estimation with 95% confidence?
A. 0.34%
OB. 7.51%
C. 8.95%
OD. 4.57%
OE. 2.46%
Transcribed Image Text:Suppose that a random sample of 200 entering students in 2000 showed 74% were still enrolled 3 years later. Another random sample of 200 entering students in 2010 showed that 66% were still enrolled 3 years later. This constitutes an 8% change in 3-year retention rate. However, the 8% difference is based on random sampling, and is only an estimate of the true difference. What is the margin of error of the estimation with 95% confidence? A. 0.34% OB. 7.51% C. 8.95% OD. 4.57% OE. 2.46%
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman