Failure to meet payments on student loans has been a major problem for both banks and the government. Approximately 50% of all student loans are in default. A random sample of 350 loans to students indicates that 147 are in default.
-The appropriate test statistic to test the hypotheses is _____.
A)2.99
B)3.03
C)-2.99
D)-3.03
E)-1.94

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The Answer of Failure to meet payments on student loans has been a major problem for both banks and the government. Approximately 50% of all student loans are in default. A random sample of 350 loans to students indicates that 147 are in default.
-The appropriate test statistic to test the hypotheses is _____.
A)2.99
B)3.03
C)-2.99
D)-3.03
E)-1.94

Failure to Meet Payments on Student Loans Has Been a Major