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. n = (Round up to the nearest integer.)

MATLAB: An Introduction with Applications
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Please also answer part B & C

B) Assume prior studies have shown that about 35​% of​ full-time students earn​ bachelor's degrees in four years or less.

C)Does the added knowledge in part​ (b) have much of an effect on the sample​ size?

7.1.33-T
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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 0.05 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.)
(1,1)
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Transcribed Image Text:7.1.33-T Question Help 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.) (1,1) More Enter your answer in the answer box and then click Check Answer. ? 2 parts remaining Clear All Check Answer Logout Successful
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