Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The US Department of Education is conducting a study on the proportion of students that graduate with their bachelors degree in 5 years or less.
The US Department of Education is conducting a study on the proportion of students that graduate with their bachelors degree in 5 years or less. b. The US Department of Education conducted their study with 500 students. They found that 400 students graduated with their bachelors degree in 5 years or less. If they want a 99% confidence interval, what is their margin of error? c. The US Department of Education conducted their study with 500 students. They found that 400 students graduated with their bachelors degree in 5 years or less. If they want a 99% confidence interval, what is their UPPER bound? d. The US Department of Education conducted their study with 500 students. They found that 400 students graduated with their bachelors degree in 5 years or less. If they want a 99% confidence interval, what is their LOWER bound? (Please input your answer in % form without the % sign - for example, if you get .123 or 12.3%, input 12.3) e. If the US Department of Education has a goal that university graduation rate within 5 years is 84%, is it possible that goal is being met? Yes No We cannot determine that
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started