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QUESTION
The recent default rate on all student loans is 5.2 percent, in a random sample of 300 loans with 9 defaults.
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?
