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What is primary data in statistics?
Primary data is is data that has been observed or collected first hand
What is the importance of statistics to business?
usinesses rely heavily on statistics to determine consumer trends and calculate important economic data. The data that is collected and the information derived from that data is useful in planning...
What is the main purpose of descriptive statistics?
Descriptive statistics is the branch of statistics concerned with the collection, organization, summation and presentation of data.
What is statistics and its role in society?
Statistics can be defined as the collection of , analysing of, and interpreting of data for the purpose of making useful decision. The major role of statistics in the society is that it presents data in a precise and simple form.
What are the different between primary data and secondary data?
Primary data is data which has been collected by yourself, which is more reliable and up to date. Secondary data has been collected from a secondary source (Other people, business etc.) so it may not be valid or up to date."Primary" and "secondary" are terms used to define data relative to the purpose by which the data were collected originally."Primary data" are data collected for the need at hand."Secondary data" are data that were collected for another reason but is being re-purposed to address the need at hand.When describing the expertise of data analysts, it is not uncommon to distinguish between primary and secondary data analytics. Primary data analytics involves the ability to analyze data for the purpose by which it has been collected. Secondary data analytics involves identifying "secondary data sources" to solve a new problem and then the ability to re-purpose that data.Primary data is a data which is created for the first time and there is no previous source available. Secondary data is a readily available data like data from trade directories,statistics from websites etc. In Dissertation Literature review is done through secondary data which includes the contents such as theories, models, compilation, research findings by some other scholar etc.
Are data that was collected for another purpose and was already collected?
Data that is collected may have been collected previously for some reason, or it might have been collected recently. Data is usually collected to show statistics or information about something specific.
Statistics may be regarded as the study of the reduction of the data?
The answer is generally no. I note there is no hard and fast definition of the field of statistics. The definition of the field or discipline of statistics is not to reduce the number of values in the set of collected data. An objective of statistics is to characterize or add meaning to the collected data, through calculated values of the data. In this sense, statistics summarizes the data.
What is data collected over several time periods in statistics known as?
data collected over several time periods is what type of data?
What is primary data in statistics?
Primary data is is data that has been observed or collected first hand
What is the meaning of Primary Data in Statistics?
primary data is a data that has been observed or collected first hand
What is your idea about Statistics?
They are essential for example for forward planning from collected data
What is the importance of statistics to business?
usinesses rely heavily on statistics to determine consumer trends and calculate important economic data. The data that is collected and the information derived from that data is useful in planning...
What are the purpose of inquire in statistics?
The purpose of inquire in statistics is to collect information which is later processed to acquire data. Without this information it would be very difficult to compile accurate data.
What is the main purpose of descriptive statistics?
Descriptive statistics is the branch of statistics concerned with the collection, organization, summation and presentation of data.
What is secondary use?
Secondary use is using data for a purpose other than the purpose it was collected for.
What are the statistical methods called that use sample data to answer general questions about a population?
Inferential statistics. This branch of statistics involves making inferences or predictions about a population based on data collected from a sample taken from that population.
How is data collected in statistics?
data can be collected many different ways, but a survey can be cunducted in a few different ways some of them are: simple random, stratified, block samples stratified simple random
