Housing Blues As the United Statesfell further and further
Chapter 3, Problem 34(choose chapter or problem)
Housing Blues As the United Statesfell further and further into a recession in theyears 20072009, the number of families who had todefault on their mortgages and those who actually losttheir homes grew. However, as we recover from therecession, Moodys Economy predicts that thesenumbers will fall.14 The table below, adapted fromtheir report, shows their approximate estimates andpredictions for the years 20052012.Year Defaults (thousands) Lost Homes (thousands)2005 750 3502006 800 4002007 1350 8002008 2600 16502009 3700 20002010 3400 24002011 2200 13502012 1000 600 a. What variables have been measured in this report?Are they qualitative or quantitative?b. Draw side-by-side comparative bar charts todescribe the number of defaults and lost homes,categorized by year.c. Draw two line charts on the same set of axes todescribe the same number over the period20052012.d. What conclusions can you draw using the twographs in parts b and c? Which is moreeffective?
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