Failure to Meet Payments on Student Loans Guaranteed by the US

question 7

Multiple Choice

Failure to meet payments on student loans guaranteed by the US government has been a major problem for both banks and the government.Approximately 50% of all student loans guaranteed by the government are in default.A random sample of 350 loans to college students in one region of the US indicates that 147 are in default.Calculate an interval that tests the hypotheses at $\alpha$ = .01.

• A)[.35 .49]
• B)[.37 .47]
• C)[.33 .51]
• D)[.34 .50]
• E)[.36 .48]

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Definitions:

Bill of Material

A comprehensive list of raw materials, components, and instructions required to construct, manufacture, or repair a product or service.

Assembly Drawing

A detailed diagram that shows the parts of an object and how they fit together to form the final product.

Engineering Drawing

A drawing that shows the dimensions, tolerances, materials, and finishes of a component.

Tolerances

The permissible limits of variation in a physical dimension, material property, or manufacturing process, crucial for ensuring parts fit and function together as intended.