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There Are Two Types of Data That Can Be Collected

question 41

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There are two types of data that can be collected for any research project, quantitative and qualitative data.


Definitions:

Standard Deviation

An indicator of the degree of spread or diversity within a collection of numbers.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Good Economy

A state of economic health characterized by strong growth, low unemployment, and stable prices.

Risk-Free Rate

The presumptive return on an investment without risk, usually demonstrated by the interest rates on state securities.

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