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 test statistic to test the hypotheses is _____.
A) 2.99
B) 3.03
C) -2.99
D) -3.03
E) -1.94
Correct Answer:
Verified
Correct Answer:
Verified
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