Failure to Meet Payments on Student Loans Has Been a Major

Multiple Choice

Failure to meet payments on student loans has been a major problem for both banks and the government. Approximately 50% of all student loans are in default. A random sample of 350 loans to students indicates that 147 are in default.
-The appropriate hypotheses that attempt to provide evidence supporting the claim that at least 50% of student loans are in default is _____.

A) H₀: p ≤ .42 vs H_A: p > .42
B) H₀: p ≥ .50 vs H_A: p < .50
C) H₀: p ≤ .50 vs H_A: p > .50
D) H₀: p = .50 vs H_A: p ≠ .50
E) H₀: p ≠ .50 vs H_A: p = .50