Which Problem Definition Is Most Likely to Require Primary Data

question 32

Multiple Choice

Which problem definition is most likely to require primary data collection?

• A) to determine the average household income level in a county
• B) to analyze the percent of high school graduates that plan to go immediately to college
• C) to determine the average supermarket purchase by consumers on the basis of family size
• D) to determine the percent of households that move in a given year

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Definitions:

Stock Prices

The monetary value of a share of a company's equity as traded on a stock exchange.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, charged by lenders to borrowers for the use of their funds.

Future Income

The expected revenue or earnings generated by investments, work, or financial strategies over an upcoming period.

Stock Market

A public market for buying and selling equity securities and derivatives, where companies can raise capital and investors can trade shares.