The national student loan default rate has dropped steadily over the last decade. USF Magazine (Spring 1999)

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The national student loan default rate has dropped steadily over the last decade. USF Magazine (Spring 1999) reported the default rate (i.e., the proportion of college students who default on their loans) at .10 in fiscal year 1996. Set up the null and alternative hypotheses if you want to determine if the student loan default rate in 2000 is less than .lo.

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Statistics For Business And Economics

ISBN: 9780130272935

8th Edition

Authors: James T. McClave, Terry Sincich, P. George Benson

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