Suppose you are tasked to develop a section of the surveymeasuring “home mortgage debt” in which survey respondents are asked questionsabout whether they have a home mortgage and, if so, various...

Research
Survey on Home mortgage debt
A survey on home mortgage debt would include several questions that can help assess
and analyze criteria with relevance to debt interest, debt term, comparison and benefit as well as
the time required to obtain the debt. These criteria form essential elements of home mortgage
debt along with other criteria like possession of property and repayment terms and conditions.
The four questions, each question reflecting one of the four corresponding levels of
measurement, that a mortgagor (borrower) would answer relevant to their home mortgage along
with indication of the appropriate uni-variate statistic appropriate to the level of measurement are
as follows:
a. Does the rate of interest look feasible and satisfactory to you
Yes No
The rate of interest varies based one economical changes and greatly influences people
who buy homes based on mortgage. Moreover they gain ownership in some...