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STATCRUNCH STEPS FOR CONFIDENCE INTERVAL AND HYPOTHESIS TESTING CALCULATIONS (WEEKS 4 AND 5) Several years? ago, a...

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STATCRUNCH STEPS FOR CONFIDENCE INTERVAL AND HYPOTHESIS TESTINGCALCULATIONS (WEEKS 4 AND 5)

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

0.045 Set up the null and alternative hypotheses to determine ifthe default rate this year is greater than 0.045.

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