4. Failure to meet payments on student loans guaranteed by the United States (U.S.)government has been a major problem for both banks and the government.Approximately 50% of all student loans guaranteed by the government are in default.A random sample of 350 loans to college students in one region of the U.S. indicatesthat 147 loans are in default.b) Find a 99% confidence interval for the proportion of all student loans in the U.S.that are in default.(0.376, 0.464)(0.352, 0.488)(0.368, 0.472)(0.382, 0.458)

Given that Sample size n =350 Favorable cases x =147 Sample proportion p^=x/n =147/350 =0.42

Answered: 4. Failure to meet payments on student…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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