The article Credit Cards and College Students: Who Pays, Who Benefits? (Journal of College Student Development [1998]:
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The article “Credit Cards and College Students: Who Pays, Who Benefits?” (Journal of College Student Development [1998]: 50–56) described a study of credit card payment practices of college students. According to the authors of the article, the credit card industry asserts that at most 50% of college students carry a credit card balance from month to month. However, the authors of the article report that, in a random sample of 310 college students, 217 carried a balance each month. Does this sample provide sufficient evidence to reject the industry claim?
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Related Book For
Introduction To Statistics And Data Analysis
ISBN: 9780495118732
3rd Edition
Authors: Roxy Peck, Chris Olsen, Jay L. Devore
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