Question

According to the National Postsecondary Student Aid Study conducted by the U.S. Department of Education in 2008, 62% of graduates from public universities had student loans. We randomly select 50 sample college graduates from public universities and determine the proportion in the sample with student loans.

Answer 1

`(31)/(50)`

Explanation:

percentage of graduates with loan = 62%

total sample = 50

Number of student in the sample with student loan

= (percentage of graduates with loan) x (total sample)

= 62% x 50

= 31

Proportion of student in the sample with student loan =
`(31)/(50)`