A study of Americans consumer behavior finds that the mean number of credit cards for the sample

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A study of Americans’ consumer behavior finds that the mean number of credit cards for the sample is 3.6. After reading the study, a blogger writes in a post:

“The average American has 3.6 credit cards.”

a. Explain how it is possible for the mean to include a fraction of a credit card.

b. Do you agree with the blogger’s statement about “the average American”?

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Related Book For  book-img-for-question

Statistics For Social Understanding With Stata And SPSS

ISBN: 9781538109847

2nd Edition

Authors: Nancy Whittier , Tina Wildhagen , Howard Gold

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