Final answer:
Around 2.04% of the degrees awarded in the school year 2009-2010 were Ph.Ds.
Step-by-step explanation:
The percentage of faculty holding a Ph.D. or equivalent degrees can vary depending on the institution and field of study. However, based on the provided information, we can estimate that around 48,069 out of 2,354,678 degrees awarded in the school year 2009-2010 were Ph.Ds. To find the percentage, we can divide the number of Ph.Ds by the total number of degrees and multiply by 100.
Percentage of Ph.Ds = (48,069 / 2,354,678) * 100 = 2.04%