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

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Algorithm

A systematic method or set of instructions used to resolve an issue or accomplish an objective.

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