Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

image text in transcribed
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. (Round up to the nearest integer.) b. Assume prior studies have shown that about 60% 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. No, using the additional survey information from part (b) does not change the sample size. O B. Yes, using the additional survey information from part (b) only slightly increases 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) only slightly reduces the sample size

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Real Analysis

Authors: A N Kolmogorov, S V Fomin, Richard A Silverman

1st Edition

0486134741, 9780486134741

More Books

Students also viewed these Mathematics questions