In Contrast to Survey Research,observation Research Does Not Rely on Direct

question 123

Essay

In contrast to survey research,observation research does not rely on direct interaction with people.Observation research takes three forms.What are these three forms? For each form,give one example of an observation method used.

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Definitions:

Compounded Quarterly

The process of adding interest to the principal sum of a loan or deposit, calculated every three months.

Mortality Table

A statistical table showing the rate of death at each age, used by insurers to calculate premiums and by actuaries for statistical assessments.

Life Insurance Policies

Contracts with an insurance company in which the company pays a designated beneficiary a sum of money upon the death of the insured person.

Annual Yield

The yearly return on an investment, expressed as a percentage of the investment's total cost.