ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Quantitative
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Qualitative
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Primary
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Secondary
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Detailed explanation-1: -Known as both quantitative and numerical data, its values will always be in a number form. An example of numerical data would be the number of sales made in a particular business quarter. Put simply, if the answer is a number, the data is quantitative (numerical).
Detailed explanation-2: -Numerical data has two categories: discrete data and continuous data, where the latter is further classified into interval data and ratio data. Numerical data is quantitative in nature as it takes quantitative values for data.
Detailed explanation-3: -Quantitative variables are also called numerical variables.. Height, weight, age, speed, diameter, and the number of marbles in a bag are all examples of quantitative variables.