Reference no: EM132846536

Last year's freshman class at Big State University totaled 5,303 students. Of those, 1,262 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, $454). If the cost of full tuition was $4,400 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.)

Percentage of students %