Last year’s freshman class at Big State University totaled 5,303 students. Of those, 1,266 received a merit scholarship to help offset tuition costs their freshman year (although the amount varied per student). The amount a student received was N($3,458, $473). If the cost of full tuition was $4,200 last year, what percentage of students who received a merit scholarship did not receive enough to cover full tuition? (Round your answer to the nearest whole percent.)
Last year’s freshman class at Big State University totaled 5,303 students. Of
those, 1,266 received a merit scholarship to help offset tuition costs their freshman year (although the amount varied per student). The amount a student received was N($3,458, $473). If the cost of full tuition was $4,200 last year, what percentage of students who received a merit scholarship did not receive enough to cover full tuition? (Round your answer to the nearest whole percent.)
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