College Credit Card Debt Statistics

i'm doing a research paper on credit card debt and college students. i'm gonna have an opening, 6 body paregraphs, and a closing. i need more topics for my body paregraphs. i already have the statistics in one para., how students fall into debt., how they can avoid it, and how they can get out of it (not necessarily in that order). i need two more paragraph topics. please help. this thing is due on wed. thanks!!!

I don't know about what most universities allow now, but when I was in college, credit card companies offered free t-shirts, food, and other stuff for signing up for a credit card. Once you have that credit card, it's easy to use since everything is an "emergency". The university I attended no longer allows credit card companies on campus.

2007-04-09 11:52:55 by i totally agree with you!! not

I don't know if you've heard the statistics and all the dire numbers, but there are a lot of people in this country who do not take care ...

Kimberly, who is the TA for an introductory statistics course, is grading responses to a question that asks the students to interpret a confidence interval.

Here is the question:

We want to estimate the average credit card debt for students at a college with an enrollment of about 5000 students. We select a random sample of 250 students and find that their average debt is about $3000.00 with a standard deviation of $500.00. We use the sample statistic and construct the 95% confidence interval from $2938.00 to $3062.00

Here is AN INACCURATE interpretation. EXPLAIN EXPLICITLY why you think that the interpretation is INACCURATE.

We are 95% confident that the credit card debt for this population is between $2938.00 to $3062.00 and if we choose one hundred random samples of size 250, in 95 out of 100 cases the confidence interval computed will be between $2938.00 to $3062.00.

i dont get this! :(

Your calculation is ok. For the sample of 250 size, the confidence interval is as you obtained. This means that the population mean (here the average debt of 5000 students) will be a value lying between $2938 and $3062. This will be true, to the extent of 95%.

As you said if, hundred samples are taken, in 95 cases this will be true, but there is a chance that in 5 cases the mean value might fall outside the interval. The reason is that a sample is selected from the population, and the population consist of students with different debt levels. So, random selection might be leading to choose a sample consisting of students with lesser debt.

You see that the standard deviation is $500. That means the debt level can vary between (Mean - 3 SD) to (Mean+3SD), assuming Normal distribution. That is $1500 to $4500. Our confidence interval is shorter compared to this, hence nothing wrong in the interpretation.

2009-07-26 21:27:28 by k&&n

i'm doing a research paper on college student credit card debt, and i was wondering what order my paragraphs should go in:

first is the opening
then my body paragraphs (the ones i need ya'll to put n order for me) are:
Paragraph #2 statistics on students in debt
Paragraph #3 companies enticing kids into it
Paragraph #4 how they get into debt
Paragraph #5 how they can avoid it
Paragraph #6 how they can get out of it
Paragraph #7 how hard it is to stay out of it
then the closing

what order should i do the body paragraphs in? thanks.

2,3,4,7,6,5

2007-04-10 08:44:19 by i totally agree with you!! not