A data table contains two variables. One is the 30-year fixedmortgage rate; it is measured as the best rate offered by amortgage broker over the last 90 days. The second variable holds acolumn of integers, 1-40, that identify different brokers. The 40largest mortgage brokers are included in the data table. The datawill be used to understand lending practices of all mortgagebrokers in the U.S. Please choose the correct answer from thebrackets for the questions below:
Hint: Use pencil/paper to construct what the data table mightlook like.
- The mortgage rate variable is ["nominal", "ordinal","numeric"] .
- True or false: the coding convention of the mortgage ratevariable is a rate or percentage. ["True","False"]
- How many labeling variables are in the data table?["0", "1", "2"]
- The periodicity of the observations is ["monthly","quarterly", "weekly", "none of these is the correctanswer"]
