Podcast
Questions and Answers
What is the term for raw facts and figures collected for analysis?
What is the term for raw facts and figures collected for analysis?
Which of the following is an example of primary data?
Which of the following is an example of primary data?
What distinguishes primary data from secondary data?
What distinguishes primary data from secondary data?
Which of the following sources could be considered secondary data?
Which of the following sources could be considered secondary data?
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Which of these is NOT a use of data in everyday life?
Which of these is NOT a use of data in everyday life?
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Study Notes
Data and Its Usage
- Raw facts and figures collected for analysis are referred to as data.
- Data can be used in everyday life, such as tracking personal expenses to create a budget.
Sources of Data
- Primary Data: This refers to data collected firsthand for a specific research purpose, providing original and direct information.
- Secondary Data: This refers to data that has already been collected and published by others, used for a different purpose.
- Key differences between primary and secondary data include authenticity, purpose, and collection methods.
- Primary data sources can include surveys, interviews, and experiments.
- Secondary data sources comprise books, articles, reports, and databases.
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Description
This quiz covers the fundamentals of data analysis, including the definitions and types of data, as well as practical applications of data in everyday life. It also focuses on distinguishing between primary and secondary data sources.