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From Business Statistics
Quartile deviation (QD) measures dispersion of the middle 50% data:
(Any three points can be written.)
Central Limit Theorem (CLT) in brief:
Thus, CLT supports many statistical methods used in business.
Data can be collected from two main sources: primary and secondary.
Primary data are collected first-hand by the investigator for the specific purpose of the study (through survey, interview, observation, questionnaire, etc.). Secondary data are already collected by someone else and are available in published or unpublished form (government reports, company records, journals, websites).
Primary data is more suitable when accurate and specific information is required. Secondary data is useful for background study, trend analysis and preliminary research.
Thus, the choice depends on time, cost, purpose and availability of reliable data.