One of the important statistics of interest to all 4-year colleges and Universities is student retention rate. It is defined as “the percentage of a school's first-time, first-year undergraduate students who continue at that school the next year”. A very small 4-year college in the Midwest claims to have a retention rate of 85% and admitted 60 Freshmen in Fall 2020. Assuming the claim is true: After doing some research, you find out that this college admitted 70 freshmen in Fall 2019 and 65 of them continued on to their second year in Fall 2020. Are you inclined to believe their 85% retention claim? Justify with appropriate calculations

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy
Problem 3EA
icon
Related questions
Question

One of the important statistics of interest to all 4-year colleges and Universities is student retention rate. It is defined as “the percentage of a school's first-time, first-year undergraduate students who continue at that school the next year”. A very small 4-year college in the Midwest claims to have a retention rate of 85% and admitted 60 Freshmen in Fall 2020. Assuming the claim is true:

After doing some research, you find out that this college admitted 70 freshmen in Fall 2019 and 65 of them continued on to their second year in Fall 2020. Are you inclined to believe their 85%
retention claim? Justify with appropriate calculations.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Fractions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL