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Failure to Meet Payments on Student Loans Has Been a Major

Question 75

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 p-value associated with the test statistic is _____.


A) .0028
B) .0262
C) .0525
D) .0014
E) .0012

Correct Answer:

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