Ophelia Obrien, VP of American First Bank (AFB) monitors the default rate on personal loans at the AFB member Banks. One of her standars is "no more than 5% of personal loans should be in default. On each Friday thje default rate is calculated for a sample of 500 personal loans. Last Friday sample contained 30 defaulted loans
A) p>0.05
B) p=0.05
C) n=30
D) n=500
E) n=0.05