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Last year’s freshman class at Big State University totaled 5,320 students. Of those, 1,262 received a merit scholarship to help offset tuition costs their freshman year (although the amount varied per student). The amount a student received was N($3,450, $480). If the cost of full tuition was $4,050 last year, what percentage of students who received a merit scholarship did not receive enough to cover full tuition? (Round your answer to the nearest whole percent.)

Last year’s freshman class at Big State University totaled 5,320 students. Of those, 1,262 received a merit scholarship to help offset tuition costs their freshman year (although the amount varied per student). The amount a student received was N($3,450, $480). If the cost of full tuition was $4,050 last year, what percentage of students who received a merit scholarship did not receive enough to cover full tuition? (Round your answer to the nearest whole percent.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Last year’s freshman class at Big State University totaled 5,320 students. Of those, 1,262 received a merit scholarship to help offset tuition costs their freshman year (although the amount varied per student). The amount a student received was N($3,450, $480). If the cost of full tuition was $4,050 last year, what percentage of students who received a merit scholarship did not receive enough to cover full tuition? (Round your answer to the nearest whole percent.) 

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Step 1: Introducing the given information

Given:

M e a n open parentheses mu close parentheses equals 3450 S tan d a r d space D e v i a t i o n open parentheses sigma close parentheses equals 480

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