Which of the following is a disadvantage of secondary data? MCQ with Answer and Explanation

Which of the following is a disadvantage of secondary data?
A. May not fit the exact purpose of the study
B. Saves time
C. Readily available
D. Cheaper to collect
Answer: Option A
Solution (By JKExamLibrary)
Secondary data was collected for a different purpose, so it may not perfectly match the current research objective in terms of definitions, coverage, or time period.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Population density is defined as:
A. Total population divided by total arable land
B. Total population divided by urban area
C. Number of persons per square kilometer
D. Number of households per square kilometer

Correct Answer: Option C


Explanation:
Population density is commonly expressed as the number of persons per unit area, usually per sq. km.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Conditional probability P(B|A) is defined as P(A ∩ B) / P(A) provided that:
A. A and B are independent
B. P(A ∪ B) = 1
C. P(A) > 0
D. P(B) > 0

Correct Answer: Option C


Explanation:
The definition of conditional probability requires P(A) > 0 to avoid division by zero; if P(A)=0, P(B|A) is undefined.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
If (AB) = 0, the two attributes are:
A. Independent
B. Perfectly correlated
C. Completely disassociated
D. Completely associated positively

Correct Answer: Option C


Explanation:
(AB)=0 means no unit possesses both A and B, indicating perfect negative association.

This question belongs to: Accountancy and Statistics Statistics