Which of These Data Gathering Techniques Can Be Used in Either

question 45

Multiple Choice

Which of these data gathering techniques can be used in either qualitative or quantitative analysis?

• A) Survey research
• B) Content analysis and analysis of existing data
• C) Only content analysis
• D) Only analysis of existing data

Comprehend how Monte Carlo simulation utilizes random numbers.

Recognize the flexibility in simulation with respect to probability distributions.

Identify the advantages and disadvantages of using simulation models.

Understand the foundational principles behind simulation.

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Definitions:

Policy Of Insurance

A contract between an insurer and an insured, outlining the terms, coverage, premiums, and conditions under which the insurer agrees to compensate the insured for specific losses.

Garage Liability Insurance

Insurance coverage that protects auto dealerships, mechanic shops, and garage operators from liability claims resulting from their operations, including customer injuries and damage to customer vehicles.

Liability

The legal responsibility for one's actions or omissions, especially concerning the payment of damages or compliance with the law.

Garage Owner

An individual or entity that owns an establishment where vehicles are serviced, repaired, or housed.