AP4 Topic 1 & 2

What is data?

• Raw facts and figures

• Processed information

• Meaningful context

• A summarized report

What is information?

• Raw data

• A large set of numbers

• Data that is not yet analyzed

• Processed and meaningful data

Which of the following is an example of data?

• A financial report

• A completed business analysis

• A list of numbers without context

• A weather forecast

What is required to convert data into information?

• Storage

• Processing

• Understanding

• Analyse

What type of data is collected firsthand for a specific purpose?

• Tertiary data

• Archived data

• Primary data

• Secondary data

What is an example of secondary data?

• Conducting a survey

• Government census reports

• Interviewing an expert

• Recording temperature readings

What is a key characteristic of information?

• It never changes

• It is meaningful and useful

• It is always numerical and text based

• It is always stored in databases

What is an advantage of using direct data?

• It is collected for a specific purpose

• It is always free

• It is faster to collect

• It requires no processing

What is a limitation of indirect data?

• It is more accurate than direct data

• It is collected firsthand

• The source may not always be reliable

• It is always free

Why is accurate information important?

• It supports better decision-making

• It reduces data security

• It prevents errors from being corrected

• It increases storage requirements