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.

Explain how the median debt can nonetheless be zero.

Choose the most plausible explanation:

A. The median debt can nonetheless be zero because it is not a resistant measure.

B. The median debt is zero because the distribution is left-skewed.

C. The median debt is zero because the first and the third quartiles are probably equal.

D. The median debt is zero because more than half of credit card debts are zero.

Statistics math

Question

Mathematics

Caitlin Prince

8 July, 05:30

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.

Explain how the median debt can nonetheless be zero.

Choose the most plausible explanation:

A. The median debt can nonetheless be zero because it is not a resistant measure.

B. The median debt is zero because the distribution is left-skewed.

C. The median debt is zero because the first and the third quartiles are probably equal.

D. The median debt is zero because more than half of credit card debts are zero.

Statistics math

+2

Answers (1)

Know the Answer?

Rodney Pitts · Answer 1

Usually the median is defined by the middle number, so without any doubts I can say that due to the fact that half of population has zero effect the overall index is zero. Hope it is clear that the last (D. The median debt is zero because more than half of credit card debts are zero.) option is the only correct answer whereas the others ones are wrong.