When evaluating secondary data for research, which factor is LEAST critical to assess? MCQ with Answer and Explanation

When evaluating secondary data for research, which factor is LEAST critical to assess?

A. The credibility and methodology of the source

B. The color scheme used in the original report's charts

C. The timeliness and relevance of the data to current objectives

D. The original purpose for which the data was collected

Answer: Option B

Solution (By JKExamLibrary)

The visual design elements like color schemes in reports do not affect data validity; critical evaluation focuses on source credibility, methodology, relevance, and timeliness.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

Which of the following data collection methods is most suitable when the area of investigation is large and funds are limited?

A. Direct personal interview

B. Schedule through enumerators

C. Observation method

D. Mailed questionnaire

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
Mailed questionnaire is economical and can cover a wide area with limited resources.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

A speaks truth in 60% cases, B in 70% cases. They agree in a statement. The probability that the statement is true is:

A. 0.50

B. 0.58

C. 0.42

D. 0.78

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
Agreement can be both truth or both lie. P(both truth)=0.6×0.7=0.42; both lie=0.4×0.3=0.12. Total agreement=0.54. Probability truth given agreement = 0.42/0.54 ≈ 0.7778.

This question belongs to: Accountancy and Statistics Statistics