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 0.03 margin of error and use a confidence level of 95%. Assume prior studies have shown that about 40% of full-time students earn bachelor's degrees in four years or less.

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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 0.03 margin of error and use a confidence level of 95%. Assume prior studies have shown that about 40% of full-time students earn bachelor's degrees in four years or less.
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