d. University administrators would like to conduct a new survey in May to update this estimate. They would like to increase the level of confidence to 98% with a margin of error of + 2.25%. If they were to use the estimate from the previous survey, how many graduates should be included in the new sample?

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Please do question (d)

2.
The student loan crisis has gained increasing press, and the Institute for College Access & Success recently published
a report estimating the percentage of graduating seniors who graduated with some student loan debt. A sample of
875 2016 NKU graduates found that 604 had some student loan debt.
а.
What is the population for this inference? Be specific in your answer.
а.
Estimate the percentage of 2016 NKU graduates who graduate from the university with some student
loan debt with 90% confidence.
Transcribed Image Text:2. The student loan crisis has gained increasing press, and the Institute for College Access & Success recently published a report estimating the percentage of graduating seniors who graduated with some student loan debt. A sample of 875 2016 NKU graduates found that 604 had some student loan debt. а. What is the population for this inference? Be specific in your answer. а. Estimate the percentage of 2016 NKU graduates who graduate from the university with some student loan debt with 90% confidence.
c. Does the interval found in part b provide evidence that less than 70% of NKU graduates have
Explain.
student loan debt?
Circle one:
Yes, it supports this claim
No, it does not support this claim
Explain:
d.
University administrators would like to conduct a new survey in May to update this estimate. They would like to
increase the level of confidence to 98% with a margin of error of + 2.25%. If they were to use the estimate from the
previous survey, how many graduates should be included in the new sample?
Transcribed Image Text:c. Does the interval found in part b provide evidence that less than 70% of NKU graduates have Explain. student loan debt? Circle one: Yes, it supports this claim No, it does not support this claim Explain: d. University administrators would like to conduct a new survey in May to update this estimate. They would like to increase the level of confidence to 98% with a margin of error of + 2.25%. If they were to use the estimate from the previous survey, how many graduates should be included in the new sample?
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