Tag: collecting data

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Questions Related to collecting data

Multiple choice economics planning and collecting data different types of data primary and secondary data collecting data

Statistical data are collected only with____.

  1. 100% perfection

  2. a reasonable degree of accuracy

  3. a reasonable degree of inaccuracy

  4. all of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Statistical facts can be affected by multiple causes, there is a lot of scope for error to be embedded in the data collected, one reason is that people interviewed may be lying. There may be bias on the part of the interviewer etc. Thus large samples are taken to ensure error is reduced.
Multiple choice economics planning and collecting data different types of data primary and secondary data collecting data

Statistical data relating to any subject could be collected____.

  1. by actual counting

  2. by measurement

  3. by estimation

  4. any of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statistical data relating to any subject could be collected by any of the following- by actual counting, by measurement and by estimation. By a system of measuring a particular information, data could be collected by measurement. Whereas, by estimation, a point estimate is calculated to obtain a statistical data.

Multiple choice economics planning and collecting data different types of data primary and secondary data collecting data

Statistical data of estimation should ________________.

  1. be able to draw meaningful conclusion

  2. have reasonable accuracy

  3. both A & B

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Statistical data should be numerically expressed and collated in a way that it enables to draw conclusions. Data should be collected with a purpose in order to for it to be accurate. It can be estimated to a degree as it may be highly impossible to collect data for the entire population, thus data that has reasonable accuracy is sufficient. 

Multiple choice economics planning and collecting data different types of data primary and secondary data collecting data

The collection of statistical data must be in a _____ manner.

  1. careful

  2. syntematic

  3. careful and systematic

  4. arbitrary
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Data should try to be collected as accurately as possible to ensure that error is minimum. As there could be undesirable consequences if the the data that is full of errors is the foundation of future research. 

Multiple choice economics planning and collecting data different types of data primary and secondary data collecting data

In order to save time and money, economists may collect their data by __________.

  1. door to door survey

  2. the use of censuses

  3. using the earlier research papers

  4. the use of samples
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In order to  save time and money, economists may collect their data by the use of samples.An observed set of the population that has been selected for analysis is called a sample. A sample is a small part of the whole information.

Multiple choice economics planning and collecting data different types of data primary and secondary data collecting data

Data is_______________.

  1. Collectio of information about a person

  2. Collection of information regarding the comparative things

  3. Both A & B

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Data is collection of information regarding the comparative things. Data can consist both qualitative as well as quantitative information. It is usually formatted in a specific way.

Multiple choice economics planning and collecting data different types of data primary and secondary data collecting data

When data is classified on the basis of attribute it is termed as________.

  1. Geographical

  2. Qualitative

  3. Chronological

  4. Both a&c
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

When data is classified on the basis of attribute it is termed as qualitative data. Qualitative data highlights the quality of the information. Attribute gets the special emphasis in analysing the data.