The following quote is from the article "Credit Card Debt Rises Faster for Seniors."† The study, which will be released today by Demos, a liberal public policy group, shows that low- and middle-income consumers 65 and older carried $10,235 in average credit card debt last year. What additional information would you want in order to evaluate the accuracy of this estimate?

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Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the information provided by you in the exercise. If you have any question please write me back. Please take a look to the image attached.  

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