Quiz 1 All questions and solutions came from the even chapter questions (Chapters 8 and 9) in our Text. Doane, D. amp; Seward, L. (2007). Applied...

The recent default rate on all student loans is 5.2 percent. In a recent random sample of 300 loansat private universities there were 9 defaults. (a) Does this sample show sufficient evidence that theprivate university loan default rate is below the rate for all universities, using a left-tailed test atα = .01? (b) Calculate the p-value.