What is the resulting mean credit card debt range for U.S. households based on the sample provided?

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The mean credit card debt range for U.S. households might have been determined by analyzing a sample of credit card debts and calculating the average. The choice that presents a range of $8357 to $10267 suggests that through statistical analysis, such as calculating the mean and possibly taking into account the standard deviation or the confidence interval, the average debt is found to be within these bounds.

This range captures the central tendency of the data, reflecting where the majority of the observed household debts fall. It is likely supported by robust sampling and statistical methods, indicating a careful approach in determining that the average household debt is not just a single value but rather a range that reflects variability among households.

Understanding credit card debt typically involves acknowledging the diverse circumstances of different households, and the chosen range allows for such variation while highlighting a reasonable approximation of average debt levels.

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