Question: In 2010 cost Canadian cities were experiencing a housing boom
In 2010, cost Canadian cities were experiencing a housing boom. As a consequence, home buyers were required to borrow core on their mortgages. To determine the extent of this problem, a survey of Canadian households was undertaken wherein household heads were asked to report their total debt. Assuming that there are 7 million house-holds in Canada, Estimate with 95% confidence the total household debt.
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