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The industry benchmark for credit card default is 3% (i.e., on average, 3% of all credit card holders are in default status). You want to

The industry benchmark for credit card default is 3% (i.e., on average, 3% of all credit card holders are in default status). You want to test whether your bank at par with the industry in terms of percentage of defaulters. What are the appropriate null and alternative hypotheses

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