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

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A major disadvantage of secondary data is:

A. Time consuming

B. May not suit the present research objective

C. Originality

D. High cost

Answer: Option B

Solution (By JKSSB Mock Tests)

Secondary data was collected for a different purpose; definitions and coverage may differ.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Which of the following is a measure of dispersion?

A. Standard deviation

B. Mode

C. Geometric mean

D. Median

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Correct Answer: Option A

Explanation:
Standard deviation measures spread.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The ‘footnote’ of a statistical table is used to:

A. Provide additional explanation or clarification about specific items

B. State the source of data

C. List the units of measurement

D. Give the title of the table

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Correct Answer: Option A

Explanation:
Footnotes clarify specific cells or data points; the source is typically given separately, and the title is at the top.

This question belongs to: Accountancy and Statistics Statistics

Question #3

If two attributes have perfect positive association, then:

A. (A) = (B)

B. (AB) = (A) = (B)

C. (αβ) = 0

D. (AB) = 0

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Correct Answer: Option B

Explanation:
Perfect positive association means all A's are B's and all B's are A's, so (AB) equals both marginals.

This question belongs to: Accountancy and Statistics Statistics

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