Question

a report says that "the median credit card debt of american households is zero." we know that many households have large amounts of credit card debt. in fact, the mean household credit card debt is close to $8000. explain how the median debt can nonetheless be zero.

Answer 1

Based on the problem above the median debt can nonetheless be zero is that the median debt is zero because more than half of credit card debts are zero. Thank you for posting your question here. I hope my answer helps.