Question: The national student loan default EEI rate has fluctuated over the last several years. A few years ago, the Department of Education reported the default

The national student loan default EEI rate has fluctuated over the last several years. A few years ago, the Department of Education reported the default rate (i.e., the proportion of college students who default on their loans) at .07. Set up the null and alternative hypotheses if you want to determine if the student loan default rate this year is less than .07.

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