BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
elements
|
|
|
populations
|
|
|
samples
|
|
|
None of these alternatives is correct.
|
Detailed explanation-1: -Answer and Explanation: The entities on which data are collected are known as elements. Data elements can we define the unit of data for which certain attributes are defined so that they can be measured.
Detailed explanation-2: -The entities on which data are collected is known as variables. A data item is also called as a variable. For example, age, sex, income, etc are referred as variables.
Detailed explanation-3: -Any unit of data defined for processing is a data element; for example, ACCOUNT NUMBER, NAME, ADDRESS and CITY. A data element is defined by size (in characters) and type (alphanumeric, numeric only, true/false, date, etc.). A specific set of values or range of values may also be part of the definition.
Detailed explanation-4: -Data collection Also referred to as data gathering or fact finding, it involves looking for crucial facts needed for processing.
Detailed explanation-5: -In simple terms, a population is the total number of observations (i.e., individuals, animals, items, data, etc.) contained in a given group or context. A sample, in other words, is a portion, part, or fraction of the whole group, and acts as a subset of the population.