Suppose ACT, Inc. wants to update their information from Exercise 34 on the percentage of freshmen that

Question:

Suppose ACT, Inc. wants to update their information from Exercise 34 on the percentage of freshmen that return for a second year of college.
a) They want to cut the stated margin of error in half. How many college freshmen must be surveyed?
b) Do you have any concerns about this sample? Explain.
Exercise 34
ACT, Inc. reported that 74% of 1644 randomly selected college freshmen returned to college the next year. The study was stratified by type of college—public or private. The retention rates were 71.9% among 505 students enrolled in public colleges and 74.9% among 1139 students enrolled in private colleges.