GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The entities on which data are collected are
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elements
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populations
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samples
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None of these alternatives is correct.
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Explanation:
Detailed explanation-1: -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-2: -Data collection Also referred to as data gathering or fact finding, it involves looking for crucial facts needed for processing.
Detailed explanation-3: -Elements are the entities, based on which the data is collected. Elements are a very important feature of the data. Variables are the characteristics of interest for the corresponding elements. Observations are the set of measurements that are collected for a specific element.
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