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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Introduction To Statistics And Data Analysis

ISBN: 9780495118732

3rd Edition

Authors: Roxy Peck, Chris Olsen, Jay L. Devore

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