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.
What will be produced in all economic systems?
Elucidate: Competition and the “Invisible Hand”?
Drinking at a public water fountain is: (w) a public good because anyone may drink from it. (x) results in a negative externality because others can’t drink from this at similar time. (y) a positive externality because you are benefiting by other’s provisi
Question: Suppose three identical firms are engaged in Cournot competition in quantities. They all have marginal costs equal to 40. Market demand is given by: Q : What are the scientific method that What are the scientific method that Economists use to establish theories, laws, and principles?
What are the scientific method that Economists use to establish theories, laws, and principles?
Explain the law of supply. Why does the supply curve slope upward?
When a world famous concert pianist is as well the world's fastest short order cook, he would most likely gain the most financially through devoting: (i) Full time to frying burgers (ii) Full time to piano practice and concerts. (iii) Half-time cooking and half-time p
What are the 4 phases of the business cycle?
Question Discuss what "economic development" means in the context of this game? (Hint: How do you win, and what do you have at the end of the game that you did not have at the beginning of the game?)
How do households dispose of their income?
18,76,764
1932849 Asked
3,689
Active Tutors
1427878
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!