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A University Dean Is Interested in Determining the Proportion of Students

question 7

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A university dean is interested in determining the proportion of students who receive some sort of financial aid.Rather than examine the records for all students,the dean randomly selects 200 students and finds that 118 of them are receiving financial aid.If the dean wanted to estimate the proportion of all students receiving financial aid to within 3% with 99% reliability,how many students would need to be sampled?


Definitions:

Antianxiety Drugs

Medications designed to prevent, reduce, or treat anxiety symptoms by altering brain chemistry.

Antipsychotics

A class of medication primarily used to manage psychosis, including schizophrenia, and other disorders involving a disconnect from reality.

Antidepressants

Medications used to treat depression and other conditions by adjusting neurotransmitter levels in the brain.

Small-World Researchers

Scientists who study the phenomenon that most people are connected by relatively short chains of acquaintances, known as the "small-world phenomenon."

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