Children's accessory and toy store Red Carpet Baby! uses U. S. Census Bureau information to determine the number of families with children under age 5 for each state in its market area. Data obtained from this source are called

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Business

Precious Hays

4 September, 05:26

Children's accessory and toy store Red Carpet Baby! uses U. S. Census Bureau information to determine the number of families with children under age 5 for each state in its market area. Data obtained from this source are called

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Wayne Mcmahon · Answer 1

The correct answer is: secondary data.

Explanation:

Secondary data implies information that has already been collected and recorded by someone other than the analyst, for a purpose that is not related to the current analysis problem. It is a form of easily available data collected from various sources such as censuses, government publications, internal records of the organization, reports, books, magazine articles, websites, etc.

Secondary data offers several advantages, such as that it is readily available and saves time and cost to the analyst, but they have some associated disadvantages since the data is collected for purposes other than the problem being analyzed so the usefulness of the data It is limited, mainly because they may not be relevant or accurate for the subject in question.

In addition, the objective and the method adopted for the acquisition of data may not be appropriate to the current situation. Therefore, before using secondary data, you should have all these factors.