Primary Data Refer to

question 126

Multiple Choice

Primary data refer to

• A)facts and figures that are newly collected for a project at hand.
• B)facts and figures that have already been recorded before the project at hand.
• C)facts and figures obtained by watching people mechanically rather than in person.
• D)facts and figures obtained by asking people questions through the use of information technology.
• E)conclusions developed from information obtained from a representative sample of a population.

Calculate and analyze average metrics in personal and business finance.

Understand the basic research methods used in human development studies.

Recognize the influence of heredity and environment on human behavior.

Identify major theories and perspectives in psychology including Freud's psychoanalytic theory, Erikson's psychosocial development, and Vygotsky's sociocultural theory.

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Definitions:

Humility

The quality of having a modest or low view of one's importance, often allowing individuals to remain open and teachable.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" effect.

Overconfidence

A cognitive bias where an individual's subjective confidence in their judgments is reliably higher than their objective accuracy, leading to potential errors in decision making.

Hindsight Bias

The predisposition to think, once an event has taken place, that one could have predicted or anticipated its outcome.