AIOU SOLVED ASSIGNMENT CODE 394 STATISTICS
AIOU SOLVED ASSIGNMENT 01 CODE 394
There are two types of data first one is primary data and second one is secondary data, both types of data has different aims and both are mostly used by the researchers. First of all we should have knowledge that what mean by primary data and what mean by secondary data, if we collect data by own then it is called primary data and if you collect data from the data which was collected by the other peoples are called secondary data. It means primary data is data which is being collected first time and secondary data mean the data already collected. Primary data is collected by the client for the client while the secondary data can also be your historical research reports, and it is important to note that research companies normally save their data for the future requirements. Primary data is considered more reliable as this data is according to the current situation and circumstances. While some time secondary data used but it needs more care to analyze because you are converting it into current environment. Primary data needs more time because in this you are gathering data by spending more time and money so we can say it is time and money consuming while in secondary data you can get data early without time consuming and money consuming.
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