Two Important Advantages of Secondary Data Are That They Are

question 288

Multiple Choice

Two important advantages of secondary data are that they are __________ and __________.

• A)inexpensive;up-to-date
• B)up-to-date;supplies all relevant categories of information
• C)inexpensive or free;saves time
• D)tailor-made to specifications;relatively inexpensive
• E)highly credible;up-to-date

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Definitions:

Sampling Error

The error that occurs due to observing a sample instead of the whole population, which may cause sample statistics to differ from the actual population parameters.

Confidence Interval

A statistical interval estimating the range within which a population parameter is expected to lie, based on sample data and a specified confidence level.

Wall Street Journal

A major international daily newspaper known for its comprehensive coverage of finance, economics, and stock market news, as well as general news and information.

Gallup Poll

A type of public opinion polling or survey conducted to assess the opinions, attitudes, and behaviors of the public on various topics, often related to politics, economics, and social issues.