Which of the Following Is Not an Advantage of Secondary

question 34

Multiple Choice

Which of the following is not an advantage of secondary data?

• A)Secondary data can help clarify the research problem.
• B)Secondary data may provide a solution to the problem.
• C)Secondary data may provide the sample frame.
• D)All of the above are advantages of secondary data.

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Definitions:

Demand Frequency

The rate at which goods or services are requested or required by customers.

Expected Demand

The anticipated quantity of a product or service that consumers will purchase in a future period under given conditions.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, often used to assess risk and uncertainty in business and engineering models.

Cumulative Probability

The probability that a random variable takes on a value less than or equal to a specific value, used to understand the likelihood of different outcomes.