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Several years ago, a government agency reported the default rate (the proportion of borrowers who default on their loans) on a certain type of loan

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Several years ago, a government agency reported the default rate (the proportion of borrowers who default on their loans) on a certain type of loan at 0.030. Set up the null and alternative hypotheses to determine if the default rate this year is less than 0.030. O A. Ho: p #0.030 O B. H: p = 0.030 Ha: p=0.030 H.: p =0.030 O C. Ho: p 0.030 Ha: p >0.030 Ha: p =0.030

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