Answer
(a) $H_0:~p=0.13$ versus $H_1:~p\ne0.13$
(b) To conclude that the proportion of cards that result in default is different from 0.13 when, in fact, this proportion remains equal to 0.13.
(c) If we do not conclude that the proportion of cards that result in default is different from 0.13 when, in fact it is different from 0.13.
(d) There is not enough evidence to conclude that the proportion of cards that result in default is different from 0.13.
(e) There is enough evidence to conclude that the proportion of cards that result in default is different from 0.13.
Work Step by Step
Given above.
