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Among all credit cards issued, thr proportion of cards that resulted in default was 0.13 in 2010. A credit anaylst with visa belives this proportion
Among all credit cards issued, thr proportion of cards that resulted in default was 0.13 in 2010. A credit anaylst with visa belives this proportion is higher today. He randmly smaples 437 credit cards from 2026 and finds that 61 resulted in defalut. use a 0.05 signfinace level to test the analyst claim
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