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 0.01 margin of error and use a confidence level of 95​%. A.) Assume that nothing is known about the percentage to be estimated. B.)Assume prior studies have shown that about 55% 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?

MATLAB: An Introduction with Applications
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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 0.01 margin of error and use a confidence level of 95​%. A.) Assume that nothing is known about the percentage to be estimated. B.)Assume prior studies have shown that about 55% 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?
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