A Sample of Interest Rates on Unpaid Credit Card Balances

question 20

Short Answer

A sample of interest rates on unpaid credit card balances yields the following data: 13.25,13.67,13.60,13.29,12.97,12.90,12.76,12.66,12.58,12.77,and 12.91.Find the median interest rate.

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Definitions:

Invalid Statement

A declaration or assertion that is not logically or factually sound.

Syllogism

A form of reasoning in which a conclusion is drawn from two given or assumed propositions (premises); a common form of logical deduction.

Participants

Individuals who take part in something, especially in an experiment or study.

Decision Making

The cognitive process of selecting a course of action among several alternatives to achieve a desired outcome.