A Boat Manufacturer Wishes to Use Secondary Data to Locate

question 62

Multiple Choice

A boat manufacturer wishes to use secondary data to locate cities that may offer good market potential for its yachts. It needs cities with average incomes exceeding $75,000. However, the secondary information source found the income category of $50,000 and over. This represents:

• A) differing class definitions of the data
• B) a mismatch of the units of measurement
• C) dated data
• D) data having high credibility
• E) incompatible reporting units

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Definitions:

Atomic Singular Statement

A statement that refers to a specific individual or instance and attributes a property to it, not susceptible to further logical decomposition.

Truth-functional

Relating to the principles of logic, refers to propositional logic where the truth value of a compound sentence is determined by the truth values of its component parts.

Compound

Compound pertains to a substance made up of two or more elements chemically combined in fixed proportions.

Quantifier

In logic and mathematics, a term that specifies the quantity or numerical scope of individuals that a proposition applies to.