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

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

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

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

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