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More than 40 million Americans are estimated to have at least one outstanding student loan to help pay college expenses (CNN Money, September 2014). Not
More than 40 million Americans are estimated to have at least one outstanding student loan to help pay college expenses (CNN Money, September 2014). Not all of these graduates pay back their debt in satisfactory fashion. Suppose a survey was done of a large number of individuals who were given student loans. The following table shows the numbers of students who were either satisfactory or delinquent on their loans and whether or not they had received a college degree. College Degree No College Degree Satisfactory Loan Status 260 250 Delinquent Loan Status 175 375 What is the probability that a student was delinquent on the loan? Group of answer choices 0.5189 0.4811 0.3182 0.6818 0.3538
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