Question

A market research firm has carried out an observational study on the chief executives from a random selection of the law firms in the country. the numerical measures obtained from the analysis of the data are referred to as

Answer 1

The numerical measures from the observational study of law firm executives are referred to as quantitative data, which involves measurable information suitable for statistical analysis.

Step-by-step explanation:

The numerical measures obtained from the observational research of chief executives from a selection of law firms pertain to quantitative data. This type of data includes measurable information such as ages, revenues, prices, and other numerical variables that can be analyzed statistically. To give an example, the ages of chief executive officers of certain small firms published by a business magazine could be part of such an observational study. Studies like these provide insights into various aspects of businesses and their leadership. Typically, observational studies do not involve manipulating variables or creating experimental conditions; instead, they involve observing and recording data in a natural setting.

Answer 2

The numerical measures that is obtained from the analysis of the date are called the statistics. It is a number of methods of analyzing and interpreting a certain  group of data. It is commonly used in experiments and researches since it gives good support to the conclusion of such activities. It shows numbers rather than subjective type of data.