Find p-value-verfify assumption of normality is justified

Reference no: EM13159510

The recent default on all student loans is 5.2%. Random sample of 300 loans at private universities there were 9 defaults. Does this sample show evidence that the provate university loan default rate is below the rate for all universities, using a left-tailed test at s=.01? Calculate the p-value. Verfify the assumption of normality is justified

Reference no: EM13159510

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