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Failure to Meet Payments on Student Loans Has Been a Major

Question 9

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.
-How much evidence do we have that the percentage of students loans in default is not 50%?


A) No evidence
B) Some evidence
C) Strong evidence
D) Very strong evidence
E) Extremely strong evidence

Correct Answer:

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