Experts Suggest That You Spend No More Than 20 Percent

question 51

True/False

Experts suggest that you spend no more than 20 percent of your net income on credit payments.(However, 15 percent is much better.)

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Definitions:

Confidence Interval

A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter with a certain degree of confidence.

Margin Of Error

An indication of the confidence in the results of a survey or experiment, showing how much the answers may deviate from the true value.

Sample Standard Deviations

A measure of the dispersion or variability of a set of data points around the mean, indicating how spread out the data points are.

Equal Sample Sizes

A statistical condition where all groups or treatments in a study have the same number of observations, aimed at reducing variability and bias.