A major disadvantage of secondary data is: MCQ with Answer and Explanation

A major disadvantage of secondary data is:
A. Time consuming
B. Originality
C. May not suit the present research objective
D. High cost
Answer: Option C
Solution (By JKExamLibrary)
Secondary data was collected for a different purpose; definitions and coverage may differ.

This question belongs to: Accountancy and Statistics Statistics

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1 Report Error
Which of the following averages cannot be calculated if a dataset contains a zero?
A. Arithmetic mean
B. Harmonic mean
C. Median
D. Geometric mean

Correct Answer: Option B


Explanation:
Harmonic mean involves reciprocals, so zero makes it undefined. Geometric mean with zero is zero, but it is defined; arithmetic and median unaffected.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
If events A and B are independent, which of the following is true regarding their complements A' and B'?
A. They are mutually exclusive
B. They are dependent
C. They are completely associated
D. They are also independent

Correct Answer: Option D


Explanation:
A fundamental theorem of probability states that if A and B are independent, their complements A' and B' are also independent.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
To compare the health conditions of two populations with entirely different age compositions, the most suitable mortality measure is the:
A. Infant Mortality Rate
B. Standardized Death Rate
C. Specific Death Rate
D. Crude Death Rate

Correct Answer: Option B


Explanation:
Standardized Death Rates adjust for age distribution differences, allowing for a fair comparison of mortality between different populations.

This question belongs to: Accountancy and Statistics Statistics