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Scenario: A typical resident of the country of Univertopia consumes a simple basket of goods consisting of soda, pizza, and Frisbees. The base year's basket contains 500 sodas, 200 pizzas, and 40 Frisbees. The prices of these goods over 8 years are given in the table.
-Refer to the scenario above.Using 2014 as the base year,which of the following is not true?
Demographic Information
Data related to the statistical characteristics of populations, such as age, race, gender, income, etc., often used in marketing and planning.
Secondary Data
Information that has already been collected and analyzed by other sources, such as reports, studies, and databases, used for research or decision-making purposes.
Primary Data
Original data collected firsthand for a specific research purpose through surveys, interviews, or experiments.
Syndicated Data
Data collected by market research firms that is sold to multiple companies, often used for market analysis and benchmarking.
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