Suppose you wish to determine the proportion of college students in NC who receive some form of financial aid. You want to be 95% confident of your results and have a maximum error of 4%. Calculate the minimum sample size needed to meet these requirements given that the financial aid office at a local institution estimates the percentage to be 78%.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Suppose you wish to determine the proportion of college students in NC who receive some form of financial aid. You want to be 95% confident of your results and have a maximum error of 4%. Calculate the minimum sample size needed to meet these requirements given that the financial aid office at a local institution estimates the percentage to be 78%.
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Givenconfidence level=95%Margin of error(E)=0.04sample proportion(p^)=0.78

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