Unit 3004

Data is a group of information that are used for various purposes like analysis, evaluations and to arrive at certain results or conclusions. Data reporting is a process where data is extracted form a source or many sources and then converted into a format that can be used for a purpose.

Primary data is when you collect and gather the data first hand in the form of a questionnaire, survey, telephone or interview. This data is specific to the company and did not exist beforehand. Sometimes referred to as field research.

3. Quantitative data is easily compiled into something meaningful because it is based on concrete data. On the other hand, qualitative data is presented in a raw form and needs

The secondary data comes from report, journals, online database. The main secondary data sources in our project including but not limited to:

Data is the form of input, which can be produced into information. For example, 5000 could be the value of a piece of data that a business has. By adding context to this, for example if an organisation sold 1000 sandwiches in a week; this becomes information, which will influence important decisions

Qualitative Data: Qualitative Data is data received which is not in numerical form. For examples using words/ pictures and interviews etc. (S Taylor, et al, 2009)

It can be trusted as it can be traced back to where the data has come from, what has been done to the data to process it and how it has been collected. Therefore the data can be considered authentic and unbiased. The negatives of primary data is that it can be time consuming and expensive to collect as well as to process the information. However, to make up for these costs businesses often sale on information to recover some of the money lost for the

Data are raw facts that have no meaning until they are processed and organized to identify patterns and relationships between the data elements.

Thirdly the Business would need to collect Secondary and primary Data is data. Primary Data is a Data that is gathered by the researcher himself/herself. Secondary Data is data that is collected by someone else for another purpose.

Data is one of the most vital things to statistics and research information. While there are two types of data that a person might find during the research process; they are primary data and secondary data. Data can come from different sources during the research process. Primary data is any information received on a firsthand basis. An example of this would be if a researcher did an interview on a test subject the information received from the subject is primary data. Primary data is also data received while completing experiments and testing. Primary data is a better type of data to use in statistics because the researcher knows that data is more accurate. Secondary data is any type of data that a researcher gets from another source than themselves. The researcher does not know how the data was originally analysis so secondary data might not be as accurate and complete as primary data is. When using statistics to come to a conclusion about the research completed, it is best to use primary data instead of secondary data.

Primary data- this data does not exist, it requires the researcher to communicating with people or making observation about people and situation in order to generate the data. Although it is much harder and time consuming compare to secondary data, it is the most valuable resource for the company since it targets the specific problem that the company has.

Next, let us discuss comparative data. Comparative data can be defined as data that can be used for

Primary data research is research led by the company to gather information specifically for a current objective or new data that’s not been collected before.

Secondary data is published data, or data collected by others (Triola, 2010). Primary data is preferred in research because the knowledge is obtained first-hand, where secondary relies on the observations of others. For instance, more accurate results in a weight study will come from the direct weighing of the patients than asking them their weight.

Secondary data- is the data that helps you to collect more information concerning to the research, and it has own relevance. The key point of this data is the connection with primary data, where it plays the supplement role. Also secondary data give an opportunity to researcher to gain materials about the standard mechanism for guiding research work (Patzer, 1995)