Multiple Choice
Failure to meet payments on student loans has been a major problem for both banks and the government.A random sample of 350 loans to students indicates that 147 are in default.The 99% confidence interval for the true proportion of loans in default is _____.
A) [.35,.49]
B) [.37,.47]
C) [.33,.51]
D) [.34,.50]
E) [.36,.48]
Correct Answer:
Verified
Correct Answer:
Verified
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