Upcoming-ExamsFinance-Account-AssistantFAA-STATISTICSNotesTopic (i) — Primary and Secondary Data

<- Previous · Index of all topics · Next ->

Statistics — syllabus topic (i) of 10 · 🎯 PYQs from this topic: 2024 Q71

Part of the full combined notes. · 2 PYQ callouts inside.


🔷 TOPIC (i) — PRIMARY AND SECONDARY DATA

Syllabus topic (i) of 10 · runs until Topic (ii)

Covers: data collection · primary data · secondary data · primary vs secondary · types of data · census vs sample and sampling error 🎯 Asked: 2024 · Q71secondary data is primarily sourced from?


1. Data Collection

The step after the research problem is identified and the research design is made is data collection.

Based on the approach to information gathering, data is categorised as:

graph TD
    A[Data] --> B[Primary Data]
    A --> C[Secondary Data]

2. Types of Data

➕ Added — not in the original notes.

2.1 By nature

Quantitative (numerical)Qualitative (categorical / attribute)
Measurable in numbersCannot be measured, only classified
Height, income, marks, ageGender, literacy, blindness, religion
Handled by mean / median / modeHandled by Theory of Attributes — topic (vii)

2.2 Quantitative data splits again

VariableTakesExampleObtained by
DiscreteOnly whole, separate valuesNumber of children, number of carsCounting
ContinuousAny value in a rangeHeight, weight, temperatureMeasuring

2.3 By time reference

TypeMeaningExample
Time-seriesOne unit over many periodsIndia's GDP, 2010–2026
Cross-sectionalMany units at one point in timeGDP of 20 countries in 2026
Panel / longitudinalBoth togetherGDP of 20 countries, 2010–2026

The quick test: count it in whole numbers → discrete · measure it to decimals → continuous · only label it → qualitative.


3. Primary Data

Data collected for the first time by the researcher himself, for a specific purpose. Example: a survey on job satisfaction of employees; health needs of a community.

AdvantagesDisadvantages
Investigator collects problem-specific dataMore hectic and time consuming
No doubt about the quality of the dataDealing with funding and funding agencies
Additional data can be obtained during the studyEthical considerations (consent, permissions)
Costly / expensive
Unnecessary or useless data is not included

4. Secondary Data

🎯 2024 · Q71"Secondary data is primarily sourced from:"

a) Original research studies · b) Publicly available databases ✅ · c) Personal interviews · d) Laboratory experiments Answer: B. The three wrong options are all primary collection. Gather it yourself → primary; look it up → secondary.

Data that is already collected, produced or published by others. Example: use of hospital records or census records.

AdvantagesDisadvantages
Already collected — hassle freeHard to get the specific data you need from it
Less expensiveAdditional data or clarification cannot be obtained
Investigator is not responsible for data qualityData may be of low quality or fabricated

5. Primary vs Secondary Data

#PrimarySecondary
1Real-time dataPast data
2Time consumingQuick and easy
3ExpensiveEconomical
4Available in crude formAvailable in processed form
5More accurate and reliableLess accurate and reliable
6Surveys, observations, experiments, questionnaires, schedules, local correspondents, interviewsGovernment publications, websites, books, journals, articles, internal records

6. Census vs Sample, and Errors in Collection

➕ Added — not in the original notes.

6.1 Census (complete enumeration) vs Sample survey

CensusSample Survey
CoverageEvery unit of the populationA part of the population
Cost / timeHighLow
AccuracyHigh, if done wellDepends on the sample
Sampling errorNONEPresent
Non-sampling errorPresent, often largerPresent, often smaller
Best whenPopulation is small; 100% detail neededPopulation is large; units are destroyed on testing

Testing that destroys the unit (bulbs, matchsticks, blood) must use sampling — a census would destroy the whole population.

6.2 Sampling error vs Non-sampling error

Sampling ErrorNon-Sampling Error
CauseOnly a part of the population is studiedMistakes in collection, recording, processing
TypesMeasurement · coverage · non-response · response bias · processing
Occurs in a census?NoYes
As sample size increasesDecreasesMay increase
Measurable?Yes, statisticallyHard to measure
🎯 2022 · Q31"Which is true about sampling error?"

a) It decreases as sample size increasesThe pair to remember: bigger sample → smaller sampling error, but possibly bigger non-sampling error.

6.3 Essentials of a good sample

Representative · Adequate (large enough) · Independent · Homogeneous · Free from bias

6.4 Sampling methods

Random / ProbabilityNon-Random / Non-Probability
Simple random (lottery, random numbers)Judgment / purposive
Stratified — split into homogeneous strata, sample eachQuota
Systematic — every k-th unitConvenience
Cluster / multi-stageSnowball

In probability sampling every unit has a known, non-zero chance of selection — which is what makes the sampling error calculable.



<- Previous · Index of all topics · Next ->

Built with LogoFlowershow