Question

Suppose we are planning a credit card usage survey similar to the one described in example 2. The population standard deviation is $3500. What would the survey look like?

Answer 1

The survey would also ask the respondent to provide an estimate of their total credit card spending in the past 12 months.

The survey would ask questions about the respondent's credit card usage, such as how often they use credit cards, what types of purchases they make with credit cards, how much they spend on average each month, and any other related questions.

The survey would also ask the respondent to provide an estimate of their total credit card spending in the past 12 months. The survey should also include a margin of error of +/- $3500 to ensure the accuracy of the results.

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