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In a study of government nancial aid for college students, it becomes necessary to estimate the percentage of full-time college students who eam a bachelor's
In a study of government nancial aid for college students, it becomes necessary to estimate the percentage of full-time college students who eam 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 condence level of 99%. Complete parts (a) through (0) 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 40% 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 suwey information from part (b) dramatically reduces the sample size. 0 B. No, using the additional survey information from part (b) only slightly reduces the sample size. 0 C. Yes, using the additional survey information from part (b) only slightly increases the sample size. 0 D. No, using the additional survey information from part (b) does not change the sample size
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