MBA 5652 Unit 8 Essay 1

Course Textbook APA Citation:

Zikmund, W. G., Babin, B. J., Carr, J. C., & Griffin, M. (2013). Business research methods (9th ed.). Mason, OH: South-Western.

 

Essay #1.

Complete question 10 in your textbook on page 578 (Chapter 23). Create your table in Word as shown on page 578 for this question. Provide your findings in the space provided.

 

 

Question. 10: Are the different forms of consumer installments credit in the following table highly correlated?

 

 

Debt Outstanding (millions of dollars)
Year Gas Cards Travel and Entertainment Cards Bank Credit Cards Retail Cards Total Credit Cards Total Installments Cards
1 39 61 828 9400 11228 79428
2 1119 76 1312 10200 12707 87745
3 1298 110 2639 10900 14947 98105
4 1650 112 3792 11500 17064 102064
5 1804 132 4490 13925 20351 111295
6 1762 164 5408 14763 22097 127332
7 1832 191 6838 16395 25256 147437
8 1823 238 8281 17933 28275 156124
9 1893 273 9501 18002 29669 164955
10 1981 238 11351 19052 32622 185489
11 2074 284 14262 21082 37702 216572

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