Final answer:
Approximately 69.2% of the faculty hold a masters degree.
Step-by-step explanation:
To calculate the percentage of faculty members holding a masters degree, we can use the formula:
Percentage = (Number of faculty members with a masters degree / Total number of faculty members) x 100
Given that 18 of the 26 faculty members have a masters degree, we can substitute these values into the formula as follows:
Percentage = (18 / 26) x 100
= 69.2%
Therefore, approximately 69.2% of the faculty hold a masters degree.