Credit Card Debt A financial services institution reports that the median amount of credit card debt for

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Credit Card Debt A financial services institution reports that the median amount of credit card debt for families holding such debts is at least $3000. In a random sample of 104 families holding debt, the debts of 60 families were less than $3000 and the debts of 44 families were greater than $3000. At can you reject the institution’s claim? (Adapted from Board of Governors of the Federal Reserve System)

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