QuestionQuestion 3.b
Would you use primary or secondary data to investigate each of the following situations? Explain. "You want to determine the make of the best-selling car last year."
Studdy Solution
STEP 1
1. Primary data is data collected firsthand for a specific research purpose.
2. Secondary data is data that has already been collected by someone else for a different purpose.
STEP 2
1. Define the type of data needed for the investigation.
2. Determine the source of the data based on the situation.
3. Explain the reasoning for choosing the data type.
STEP 3
Define the type of data needed:
To determine the make of the best-selling car last year, you need data on car sales from the previous year.
STEP 4
Determine the source of the data:
For this situation, secondary data would be most appropriate. This data can be obtained from industry reports, sales databases, or publications that have already compiled car sales data for the previous year.
STEP 5
Explain the reasoning:
Using secondary data is efficient because the data has already been collected and analyzed by credible sources. It saves time and resources compared to collecting primary data, which would involve conducting surveys or gathering sales information directly from car manufacturers or dealerships.
The appropriate data type to use is secondary data.
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