Commerce Exam > Commerce Videos > Statistics for Economics - Class XI > Collection of Primary & Secondary Data - 1
Collection of Primary & Secondary Data - 1 Video Lecture | Statistics for Economics - Class XI - Commerce
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51 videos|41 docs|12 tests
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FAQs on Collection of Primary & Secondary Data - 1 Video Lecture - Statistics for Economics - Class XI - Commerce
| 1. What is the difference between primary and secondary data? |  |
Ans. Primary data refers to the data collected directly from original sources, while secondary data is obtained from already published or existing sources.
| 2. How can primary data be collected? | |
Ans. Primary data can be collected through methods such as surveys, interviews, observations, experiments, or by direct measurement.
| 3. What are the advantages of using secondary data? | |
Ans. Some advantages of using secondary data include cost-effectiveness, time-saving, availability of large datasets, and the ability to compare and analyze data from different sources.
| 4. What are the disadvantages of using secondary data? | |
Ans. Disadvantages of using secondary data include potential inconsistencies or inaccuracies in the data, limited control over the data collection process, and the possibility of outdated or incomplete information.
| 5. How can researchers ensure the reliability of secondary data? | |
Ans. Researchers can ensure the reliability of secondary data by critically evaluating the credibility and trustworthiness of the sources, cross-checking information from multiple sources, and using data from reputable organizations or institutions.
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Nov 22, 2024 Last updated |
Video Description: Collection of Primary & Secondary Data - 1 for Commerce 2024 is part of Statistics for Economics - Class XI preparation.
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