The Recent Default Rate On All Student Loans Is 5 2 Percent In A Random Sample O

The recent default rate on all student loans is 5.2 percent, in a random sample of 300 loans with 9 defaults. Does this sample show sufficient evidence that the private university loan default rate is beloww the rate for all universities, using a left-tailed = .01. That is, do you reject the null hypothesis?

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