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16 July, 04:27

The average credit card debt for American is between $11,000 and $17,000. How could this be written using a margin of error

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  1. 16 July, 05:27
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    [μ-error, μ + error]

    [14000 - 3000, 14000 + 3000]

    Step-by-step explanation:

    We write it how an interval, where the center of the interval is the mean, thus

    [μ-error, μ + error]

    First we calculate the mean

    μ = (11000+17000) / 2

    μ = $14000

    And the error is the absolute value of the difference between the mean an either extreme values

    error = |14000 - 17000| = |14000 - 11000| = 3000

    Then

    [14000 - 3000, 14000 + 3000]
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