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

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Which of the following is a merit of secondary data?

A. High accuracy

B. Specific to research objectives

C. Originality

D. Saves time and cost

Answer: Option D

Solution (By JKSSB Mock Tests)

Secondary data is already available, saving the time and expense of collection.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

The Consumer Price Index (CPI) is used to measure:

A. Foreign exchange reserves.

B. Inflation at wholesale level.

C. Change in cost of living for households.

D. Industrial production.

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Correct Answer: Option C

Explanation:
CPI measures retail price changes affecting households' cost of living.

This question belongs to: Accountancy and Statistics Statistics

Question #2

In attribute classification, the frequency (αβ) represents units that:

A. Possess both attributes

B. Possess the second but not the first

C. Possess the first but not the second

D. Possess neither attribute

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Correct Answer: Option D

Explanation:
Using standard notation, α denotes absence of attribute A, β denotes absence of attribute B; thus (αβ) is the count of units lacking both attributes.

This question belongs to: Accountancy and Statistics Statistics

Question #3

If P(A|B) > P(A), then:

A. A and B are mutually exclusive

B. B has a negative influence on A

C. B positively influences the probability of A

D. A and B are independent

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Correct Answer: Option C

Explanation:
Conditional probability greater than unconditional indicates a positive association.

This question belongs to: Accountancy and Statistics Statistics

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