Best known for its testing program, ACT Inc. also compiles data on a variety of issues in education. In 2004 the company reported that the national college freshman-to-sophomore retention rate held steady at 74% over the previous four years. Consider colleges with freshman classes of 400 students. Use the 68-95-99.7 Rule to describe the sampling distribution model for the percentage of those students we expect to return to that school for their sophomore years. Do you think the appropriate conditions are met?