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In general, 23.29% of all students default on their student loan debt. A sample of 520 students with student loan debt is randomly selected and

In general, 23.29% of all students default on their student loan debt. A sample of 520 students with student loan debt is randomly selected and it's found that 53 of them default. What is the standard error for the sampling distribution of the proportion of students who default?

A. 0.0059

B. 0.9815

C. 0.7671

D. 0.0185

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