Qualitative and Quantitative data
What is the difference between qualitative data and quantitative data, provide an example of each.
Expert
Firstly, the Quantitative data takes into consideration figures and frequencies instead of laying emphasis on connotation and understanding. Quantitative data can be gathered from various sources like experiments, conducting questionnaires and psychometric evaluations etc. On the other, Qualitative data includes facts that are connected with highlighting connotation instead of numerical data. Further, qualitative data can be easily collected by means of interviews etc.
Suppose that, based on a nation’s production possibilities curve, for 10,000 pizzas domestically an economy must sacrifice to get the one additional industrial robot it desires, but can get that robot from another country in exchange for 9,000 pizzas. To the fol
How do households dispose of their income?
Discussion of a pin factory by Adam Smith focused upon the increased productivity related along with: (w) free international trade as per absolute advantage. (x) specialization and the division of labor. (y) free international trade as per comparative advantage. (z) certainty abo
surpluses drives price down,shortages drive up
What is the opportunity cost of attending college? In 2000, nearly 80% of college-educated Americans held jobs, whereas only about 40% of those who did not finish high school held jobs. How might this difference relate to opportunity costs?
Drawing a production possibilities frontier needs the supposition that: (1) Decision makers encompass discretion over resource accessibility. (2) Technology is constant. (3) Income is fairly distributed. (4) Resources are considerably diverse. (5) At least three goods
How Reciprocal Trade Agreements Act had goal of reducing tariffs?
Why is it significant that economics is not a laboratory science? What problems may be evolved in deriving and applying economic principles?
Explain the statement: “Facts serve to sort out good and bad hypotheses.”?
Describe briefly Low financial leverage, low operating leverage?
18,76,764
1922977 Asked
3,689
Active Tutors
1411919
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!