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MBR

Methods of business research

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0% found this document useful (0 votes)
18 views22 pages

MBR

Methods of business research

Uploaded by

Alina Amin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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BASIC RESEACH:

Sure! Basic research is like exploring the unknown just out of curiosity, without thinking about how it
might be used right away. It's like when scientists study things just to understand them better, not
necessarily to solve a specific problem.
For example, imagine a group of scientists studying the behavior of birds in a forest. They're not trying to
figure out how to train the birds or use them for anything specific. Instead, they're simply observing how
the birds interact with each other, what they eat, and where they nest. This kind of research helps us learn
more about birds and ecosystems in general, even if we're not planning to do anything with that
information right away. It lays the groundwork for future discoveries and innovations.

Sure! Here are a few more examples of basic research:

1. **Understanding the Human Genome**: Scientists conducting research to map out the human genome
are engaged in basic research. They're not trying to cure a specific disease right away, but rather, they're
exploring the fundamental building blocks of human genetics.

2. **Studying the Behavior of Neurons**: Neuroscientists who study the behavior of neurons in the brain
are conducting basic research. They're not necessarily trying to develop a new treatment for a
neurological disorder at the moment; instead, they're interested in understanding how neurons function
and communicate with each other.

3. **Investigating the Properties of Materials**: Chemists who study the properties of certain materials,
like graphene or superconductors, are engaged in basic research. They're not focused on creating a new
product or technology immediately; instead, they're interested in understanding the fundamental
properties of these materials.

4. **Exploring the Origins of the Universe**: Physicists who study the origins of the universe, such as
the Big Bang theory, are conducting basic research. They're not trying to develop a new technology or
solve a practical problem right away; instead, they're interested in understanding the fundamental
principles that govern the universe's existence.

5. **Observing Animal Behavior in the Wild**: Zoologists who observe animal behavior in the wild are
conducting basic research. They're not necessarily trying to protect a specific species or habitat
immediately; instead, they're interested in understanding how animals interact with their environment and
each other.

APPLIED RESEARCH:
Applied research is like using the knowledge gained from basic research to solve specific problems or
develop practical solutions. It's about taking what we've learned and putting it into action to address real-
world challenges.

Here are some examples of applied research:

1. **Developing New Medical Treatments**: Scientists conducting applied research might take the
knowledge gained from basic research about the human genome and use it to develop new medical
treatments for diseases like cancer or genetic disorders. For example, they might develop gene therapy
techniques that target specific genetic mutations to treat or prevent certain diseases.

2. **Improving Agricultural Practices**: Agricultural researchers might use knowledge gained from
basic research about plant biology to develop new crop varieties that are more resistant to pests, diseases,
or environmental stressors. For example, they might develop genetically modified crops that require less
water or fertilizer to grow, helping to improve crop yields and sustainability.

3. **Creating New Technologies**: Engineers and technologists might use knowledge gained from basic
research about materials science to develop new technologies or products. For example, they might
develop new lightweight materials for use in airplanes or cars, or they might develop new energy storage
technologies for renewable energy systems.

4. **Addressing Environmental Challenges**: Environmental researchers might use knowledge gained


from basic research about ecosystems and biodiversity to develop strategies for conservation or
sustainable resource management. For example, they might develop techniques for restoring degraded
habitats or mitigating the impacts of climate change on vulnerable species.

5. **Improving Educational Practices**: Educators and psychologists might use knowledge gained from
basic research about learning and development to develop new teaching methods or educational
interventions. For example, they might develop new technology-based learning tools or interventions to
support students with learning disabilities.

In all of these examples, applied research takes the knowledge gained from basic research and applies it
to real-world problems or challenges, with the goal of making a positive impact on society or the
environment.
 THREE TYPES OF APPLIED RESEARCH:
Let's break down each type of applied research:

1. **Evaluation Research**:
- **Description**: Evaluation research involves analyzing existing information or data about a
research subject to assess its effectiveness, outcomes, or impact.
- **Purpose**: Its primary goal is to evaluate the success or effectiveness of programs, policies,
interventions, or initiatives.
- **Example**: A government agency conducts evaluation research to assess the impact of a
new educational program on student performance. Researchers analyze student test scores,
attendance records, and feedback from teachers to determine the program's effectiveness and
make recommendations for improvement.

2. **Research and Development (R&D)**:


- **Description**: Research and development is focused on creating new products, services, or
processes based on the needs and demands of target markets.
- **Purpose**: It aims to innovate and improve existing products or develop entirely new ones
to meet consumer demands and stay competitive in the market.
- **Example**: A technology company invests in R&D to develop a faster and more efficient
smartphone based on market research indicating consumer preferences for improved performance
and features. Engineers and designers work on prototypes and test different iterations to create a
product that meets consumer needs.

3. **Action Research**:
- **Description**: Action research aims to address specific business problems or challenges by
providing practical solutions through collaborative and iterative processes.
- **Purpose**: It seeks to improve organizational performance, enhance decision-making, or
implement changes by engaging stakeholders in problem-solving activities.
- **Example**: A manufacturing company conducts action research to streamline its
production processes and reduce waste. Cross-functional teams consisting of employees from
different departments collaborate to identify inefficiencies, brainstorm solutions, and implement
process improvements. Through continuous feedback and adjustment, the company achieves
operational excellence and cost savings.
CASE STUDY FOR BASIC RESEARCH:
Case Study: Understanding the Behavior of Honeybees

In basic research, scientists often delve into fundamental questions to expand our understanding of the
world around us. One such study focused on the behavior of honeybees conducted by researchers at a
university.

The researchers were interested in understanding how honeybees communicate within their colonies to
coordinate activities such as foraging for food. They set up an experiment where they observed honeybees
in a controlled environment, closely monitoring their movements and interactions.

Over time, the researchers noticed distinct patterns in the honeybees' behavior, particularly in their
"waggle dances," which are unique movements used to communicate the location of food sources to other
bees in the colony. Through meticulous observation and analysis, the researchers uncovered the intricate
language of the waggle dance, revealing how bees convey information about the distance, direction, and
quality of food sources.

While this study didn't have an immediate practical application, it laid the groundwork for further
research into honeybee behavior and communication. Insights gained from this basic research could
potentially inform strategies for beekeeping, agricultural practices, and even robotics inspired by the
efficiency of honeybee colonies.

In summary, this case study illustrates how basic research on honeybee behavior has contributed to our
broader understanding of animal communication and social behavior, with implications for various fields
beyond entomology.

 CASE STUDY FOR APPLIED RESEARCH:


Case Study: Developing a Vaccine for COVID-19

Applied research often aims to address specific challenges or solve practical problems. A prime
example of applied research in recent years is the development of vaccines for COVID-19.

When the COVID-19 pandemic emerged, scientists worldwide mobilized to develop vaccines to
combat the spread of the virus. Pharmaceutical companies, government agencies, and academic
institutions collaborated on extensive research efforts to develop safe and effective vaccines.

The applied research process involved several key steps:

1. Understanding the Virus: Researchers conducted basic research to understand the structure,
genetic makeup, and mechanisms of the SARS-CoV-2 virus, which causes COVID-19. This
foundational knowledge informed the development of vaccine candidates.

2. Vaccine Development: Scientists utilized various vaccine development platforms, including


mRNA, viral vector, and protein subunit vaccines, based on existing research and technology.
They designed vaccines to stimulate the immune system to recognize and neutralize the virus.

3. Clinical Trials: Vaccine candidates underwent rigorous testing through clinical trials to
evaluate their safety, efficacy, and immunogenicity in human volunteers. These trials followed
strict protocols and involved multiple phases to assess different aspects of vaccine performance.

4. Regulatory Approval: Regulatory agencies, such as the U.S. Food and Drug Administration
(FDA) and the European Medicines Agency (EMA), reviewed the data from clinical trials to
assess the safety and efficacy of vaccine candidates. Upon meeting regulatory standards, vaccines
received emergency use authorization or full approval for distribution.
5. Vaccine Distribution: Once approved, vaccines were manufactured and distributed on a large
scale to immunize populations worldwide. Governments, healthcare systems, and international
organizations collaborated to facilitate vaccine distribution and administration.

The development of COVID-19 vaccines exemplifies applied research in action. By translating


scientific knowledge and innovation into practical solutions, researchers successfully developed
vaccines that have played a pivotal role in controlling the spread of the pandemic and saving lives
globally.

 DEPENDENT AND INDEPENDENT VARIABLES:

Sure! Let's break down dependent and independent variables using simple examples:

1. **Example of Dependent Variable**:


- **Scenario**: Let's say we want to investigate how studying affects exam scores.
- **Dependent Variable**: The dependent variable in this scenario is the exam score. It's what we're
interested in measuring or observing as the outcome of the study.
- **Explanation**: In this example, the exam score depends on the amount of studying a student does.
So, the exam score is the dependent variable because it depends on another factor, which is the amount of
studying.

2. **Example of Independent Variable**:


- **Scenario**: Continuing with the same example, let's identify the independent variable.
- **Independent Variable**: The independent variable here is the amount of time spent studying.
- **Explanation**: In this scenario, the amount of time spent studying is what we manipulate or
change. We want to see how changes in the independent variable (studying time) affect the dependent
variable (exam score). The independent variable is called "independent" because it's not influenced by
any other variable in the study; it's what we control or manipulate.

CASE STUDY EXAMPLES:


Certainly! Here are two additional case studies illustrating dependent and independent variables:

**Case Study 3: Impact of Temperature on Plant Growth**


- **Scenario**: A botanist wants to study how temperature affects the growth of a particular plant
species.
- **Dependent Variable**: Plant growth (measured in height or biomass) is the dependent variable in this
study. It's what the botanist is observing or measuring as the outcome of different temperature conditions.
- **Independent Variable**: Temperature is the independent variable. It's what the botanist manipulates
or changes to see how it affects plant growth.
- **Study Design**: The botanist sets up controlled experiments where plants are exposed to different
temperature conditions (e.g., low, moderate, and high temperatures). The plants are grown under these
conditions for a specified period, and their growth is measured regularly. By comparing the growth of
plants under different temperature conditions, the botanist can determine the impact of temperature on
plant growth.

**Case Study 4: Influence of Advertising on Consumer Purchasing Decisions**

- **Scenario**: A marketing researcher wants to examine how advertising affects consumers' purchasing
decisions for a specific product.
- **Dependent Variable**: Consumer purchasing behavior (such as product purchases or brand
preference) is the dependent variable. It's what the researcher is observing or measuring as the outcome of
exposure to advertising.
- **Independent Variable**: Advertising exposure (frequency or type of ads seen) is the independent
variable. It's what the researcher manipulates or changes to see how it affects consumer purchasing
behavior.
- **Study Design**: The researcher conducts surveys or experiments where participants are exposed to
different advertising campaigns for the product. After exposure, participants' purchasing behavior is
assessed through surveys, interviews, or observational data. By analyzing the relationship between
advertising exposure and purchasing behavior, the researcher can determine the influence of advertising
on consumer decisions.

 HYPOTHESIS:
DEFINATION:
A hypothesis is a prediction or educated guess about what you think will happen in a
scientific study or experiment. It's a statement that suggests a possible relationship
between two or more variables, based on existing knowledge or observations.

In Layman's Terms:
Imagine you're a detective trying to solve a mystery. Before you start investigating, you
make a guess about who you think the culprit might be and why. That guess is your
hypothesis. It's not a random guess; it's based on clues and evidence you've gathered so
far.
Example:
Let's say you're curious about whether drinking coffee before bed affects how well you sleep.
You might form a hypothesis like this:
"If I drink coffee before bedtime, then I will have trouble falling asleep."
This hypothesis suggests a relationship between two variables: drinking coffee before bed
(independent variable) and having trouble falling asleep (dependent variable). You're predicting
that one variable (coffee consumption) will cause a change in the other variable (sleep quality).
Key Points:
A hypothesis is a statement or prediction about what you expect to happen in a study or
experiment.
It suggests a possible relationship between variables.
It's based on existing knowledge, observations, or educated guesses.
It helps guide the research process and test specific predictions.
 SIMPLE AND COMPLEX HYPOTHESIS:

Certainly! Let's break down simple and complex hypotheses:

**Simple Hypothesis:**

A simple hypothesis is straightforward and predicts a direct relationship between two variables. It
suggests a clear cause-and-effect relationship without specifying any additional conditions or factors.

**Example of a Simple Hypothesis:**

"If students study for longer hours, their exam scores will improve."
In this simple hypothesis, there's a direct relationship between two variables: study hours (independent
variable) and exam scores (dependent variable). The hypothesis predicts that increasing study hours will
lead to higher exam scores.

**Complex Hypothesis:**

A complex hypothesis involves multiple variables or conditions and predicts a more nuanced relationship
between them. It considers various factors that may influence the outcome and often specifies the
conditions under which the relationship is expected to occur.

**Example of a Complex Hypothesis:**

"If students study for longer hours, their exam scores will improve, but only if they engage in active
learning techniques, such as practicing with flashcards or teaching the material to others."

In this complex hypothesis, multiple variables are involved: study hours, exam scores, and the use of
active learning techniques. It predicts that increasing study hours will lead to higher exam scores, but only
if students employ specific active learning strategies. The hypothesis specifies the conditions (active
learning techniques) under which the relationship between study hours and exam scores is expected to
occur.

**Key Differences:**

- Simple hypotheses predict straightforward cause-and-effect relationships between two variables.


- Complex hypotheses involve multiple variables or conditions and predict more nuanced relationships,
often specifying the conditions under which the relationship is expected to occur.

 BUSINESS RESEARCH:
Business research is a process of acquiring detailed information of all the areas of business and
using such information in maximizing the sales and profit of the business.
 Business Research is conducted with a purpose to:
 Identify potential and new customers
 Understand existing customers
 Set pragmatic goals
 Develop productive market strategies
 Address business challenges
 Put together a business expansion plan
 Identify new business opportunities

Sure, let's explain inductive and deductive methods in simple terms with examples:

**Inductive Method (Bottom-Up):**

Imagine you're trying to figure out a puzzle without knowing the full picture. With the inductive method,
you start by looking at specific pieces of the puzzle and gradually build up to understand the whole thing.

Example:
1. You notice that every time you pet your friend's dog, it wags its tail.
2. You visit a dog park and observe other dogs also wagging their tails when people pet them.
3. From these specific observations, you make a generalization: "Dogs wag their tails when they're
happy."

**Deductive Method (Top-Down):**

Now, let's say you have a theory or idea and want to see if it applies to a specific situation. With the
deductive method, you start with a big idea and work down to see if it fits the smaller details.
Example:
1. You know that all mammals have hair.
2. You see a new animal and remember your rule that mammals have hair.
3. You conclude that the new animal is a mammal because it has hair, even though you may not know
anything else about it.

**Summary:**
- Inductive method: Building up from specific observations to make a general conclusion.
- Deductive method: Starting with a general idea and seeing if it applies to specific instances.
 Qualitative research:
Is like digging deep into a story rather than just counting numbers. It's all about understanding
people's thoughts, feelings, and behaviors by asking them questions and listening carefully to
what they have to say. Instead of focusing on big groups of people and statistical data, qualitative
research zooms in on individual experiences and stories. It's like having a conversation with
someone to learn about their life, opinions, and perspectives. This kind of research helps us grasp
the why and how behind things, giving us richer insights into human experiences and the world
around us.

IT’S TYPES:
1. ONE ON ONE INTERVIEW:
2. FOCUS GROUP: In this you make a focus group of 6-8 people who are actually your target
market and conduct interviews with them just to get an answer for question like why what
and how? This method is very useful when it comes to market research on new products and
testing new concepts.
3. ETHNOGRAPHIC RESEARCH: Ethnographic research is a type of qualitative research
where researchers immerse themselves in the culture and environment they're studying.
Imagine an explorer living with a tribe to learn about their way of life — that's ethnography.
Instead of just asking questions or observing from afar, ethnographers become part of the
community they're studying. They observe daily activities, rituals, interactions, and traditions
firsthand. They may also participate in these activities to gain a deeper understanding.
4. CASE STUDY RESEARCH: A case study is like taking a detailed snapshot of a particular
person, group, event, or situation. Case study research dives deep into understanding a
specific instance or example in great detail. Imagine you're investigating how a new teaching
method is working in a school. Instead of just looking at test scores across a whole district,
you might choose one classroom as your case study. You'd spend time observing the teacher,
the students, and how they interact. You might interview them, collect data on their progress,
and really get to know the ins and outs of that particular situation. Case study research is
about going beyond general trends or theories and focusing intensely on one specific
example. It allows researchers to explore complex issues in real-life contexts, understanding
the nuances and complexities of individual cases. Case studies can provide valuable insights
into how things work in practice, informing future decisions and actions.
5. RECORD KEEPING: Record keeping refers to the practice of systematically documenting
and storing information in an organized manner for future reference or use. It involves
capturing and preserving data, documents, or records related to various activities,
transactions, or events.
6. PROCESS OF OBSERVATION: Observation is like watching something closely to learn
more about it. In qualitative observation, researchers use their senses, like seeing, smelling,
touching, tasting, and hearing, to gather information in a systematic way. They don't focus on
numbers or measurements; instead, they pay attention to the qualities or characteristics of
what they're observing. For example, if you're studying animals in the wild, you might watch
how they move, listen to the sounds they make, feel the texture of their fur or skin, and
maybe even taste the plants they eat (if you're a brave researcher!). Qualitative observation
helps us understand the differences in quality or characteristics of things without needing
precise measurements. It's like painting a picture with words and descriptions rather than
using numbers or scales.

 TYPES OF RESEARCH OBJECTIVES:


1. GENERAL: Certainly! The general objective of research refers to what the researcher hopes to
achieve overall with their study, stated in broad and general terms. "The general objectives of
studies state what the researcher expects to achieve by study in general term. - This means that
the general objectives of a research study are like big goals. They tell us what the researcher
hopes to achieve with their study, but in a general and broad way- For example, if a researcher is
studying the effects of exercise on overall health, their general objective might be something like,
"To understand how exercise impacts people's health." This statement doesn't go into specifics
but gives a general idea of what the researcher wants to find out

2. SPECIFIC: Sure thing! Let's simplify that:

**Specific Objectives:**
Specific objectives are like smaller, more focused goals within a research study.
They are narrow in focus, meaning they are very specific about what the researcher wants to
achieve.
While general objectives are broad and overarching, specific objectives break down those big
goals into smaller, more manageable tasks.
For example, if the general objective of a study is to understand how exercise impacts people's
health, the specific objectives might include things like:
. Measure changes in participants' blood pressure before and after a 12-week exercise program.

Assess any improvements in participants' cardiovascular fitness levels after completing the
exercise program.

Determine the effects of exercise on participants' mental well-being by administering pre- and
post-program questionnaires.

Each specific objective focuses on a particular aspect of the broader topic, helping the researcher
to tackle the overall goal in smaller, more achievable steps.
Certainly! Let's break it down:

**Focus of Research:**
- The focus of research refers to the main area or topic that the study is centered around.

- It identifies the primary subject matter or theme that the researcher is investigating.

- For example, if a study focuses on "The Impact of Technology on Education," the primary focus is
exploring how technology affects teaching and learning processes.

**Scope of Research:**

- The scope of research defines the boundaries and extent of the study.

- It outlines what will and will not be included in the research.

- This includes considerations such as the time frame, geographical area, population, variables, and
specific aspects of the topic that will be examined.

- For instance, the scope of a study on "The Impact of Technology on Education" might specify that it
only examines the use of technology in K-12 classrooms in urban areas within the United States between
2010 and 2020.

In essence, the focus of research highlights the main topic of investigation, while the scope defines the
parameters and limitations within which the research will be conducted. Together, they provide clarity
and direction to the study, ensuring that it remains manageable, relevant, and achievable.

 LITRATURE REVIEW:
A literature review discusses published information in a particular subject area within a certain
time period.
A literature review can be just a simple summary of the sources, but it usually has an organized
pattern and combines both summary and synthesis.

 TYPES:
Of course! Here's a simplified version:
1. **Narrative Literature Review:**

- This type of review looks at what others have written about a topic. It summarizes their ideas
and talks about what's missing or needs more study.

- It's like telling a story about what researchers have found out about a topic.

- For example, if we want to learn about how people buy things online, a narrative review
would tell us what researchers have already found out about online shopping and what they think
we still need to learn.

2. **Systematic Literature Review:**

- This review is more organized and strict. It has clear rules about what studies to look at and
how to analyze them.

- It's like following a recipe step by step to find out everything we can about a topic.

It follows a structured and comprehensive methodology for selecting and evaluating literature on a
specific topic.
A systematic review details the timeframe within which the literature was selected, the criteria used for
inclusion or exclusion of studies, and the methods for analyzing the findings.

- For instance, if we want to study how leaders work in big companies, a systematic review
would carefully choose which studies to look at, follow specific rules, and then analyze the
findings in a very organized way.

So, while both reviews help us understand what's already been studied, they do it in different
ways. The narrative review gives us a general idea, like a story, while the systematic review
follows strict rules, like a recipe.

 QUALITATIVE RESEARCH:

Qualitative research is used to understand how people experience the


world."

 This means that qualitative research helps us learn about how people feel,
think, and live their lives.

While there are many approaches to qualitative research, they tend to be


flexible and focus on retaining rich meaning when interpreting data."
 This means that there are different ways to do qualitative research, but they
all are adaptable and aim to keep the information meaningful when we look
at it.

1. ETHNOGRAPHY:

 TYPES:
 CHARACTERSTICS:
 GROUNDED THEORY:

 This means that grounded theory is a way to learn about something by


collecting and studying real information from the world around us.
 For example, if we want to understand how students learn, we might
use grounded theory to gather data from classrooms and then analyze
it to come up with new ideas about learning.
 This means that instead of starting with a guess and trying to prove it
right or wrong, grounded theory starts with real information and builds
theories from that information.
 For instance, instead of guessing that students learn best with certain
teaching methods and then trying to prove it, grounded theory would
look at how students actually learn in different situations and use that
information to come up with new ideas about learning.
 CASE STUDY METHOD:
 Case studies have become really useful in research recently. They help
us understand things in detail.

"As the name suggests it is used for explaining an organization or an entity."

 This means that case studies are used to explain things like
businesses, schools, or other groups.
Case studies are used in different fields like schools, social studies, and other
similar subjects.

 Even though case studies might seem hard, they're actually quite simple
because they involve looking closely at the data and understanding it well.
 For example, if we're doing a case study on a school, we would spend time
looking at everything about the school, like how the teachers teach, how the
students learn, and what the school's rules are. Then, we would use all that
information to learn more about the school and make conclusions about it.

 QUANTITAIVE:

 there are four main ways that researchers do quantitative research. Let's
explain each one:
1. Descriptive Research:
 Descriptive research is like taking a picture of something. It just
describes what's happening without trying to change anything. For
example, if we want to know how many students like math, we would
just ask them and count the answers.

TYPES:
Let's simplify each type of research design:

1. **Descriptive-Survey:**
- This type of research describes a situation by collecting data from a group
of people through surveys. For example, a survey asking people about their
shopping habits.

2. **Descriptive-Normative Survey:**

- This research examines what people think is normal or acceptable in a


certain situation. For instance, a survey might ask about people's opinions on
acceptable work hours.

3. **Descriptive-Status:**

- Descriptive-status research focuses on describing the current state of


something. For example, a study might describe the current economic status
of a country.

4. **Descriptive-Analysis:**

- This type of research involves analyzing data to describe patterns or


trends. For instance, analyzing sales data to understand consumer behavior.

5. **Descriptive-Classification:**

- Descriptive-classification research categorizes things based on certain


criteria. For example, classifying different species of plants based on their
characteristics.

6. **Descriptive-Comparative:**

- This research compares different groups or situations to understand


similarities and differences. For instance, comparing the academic
performance of students from different schools.

7. **Correlative Survey:**

- Correlative survey research explores the relationship between two or


more variables. For example, studying how exercise habits correlate with
mental health.

Each type of research design serves a specific purpose and helps


researchers gain insights into different aspects of the topic they're studying.

2. Correlational Research:
 Correlational research looks at how two things are related. It's like
noticing that when it's hot outside, people eat more ice cream. We
don't change anything; we just notice the relationship between two
things.

CHECK THE TYPES FROM NOTES.

3. Causal-comparative/Quasi-experimental Research:
 This is a bit more complicated. It's like comparing two groups to see if
something makes a difference. For example, if we want to know if a
new teaching method works, we might compare the test scores of
students who used it to those who didn't.
4. Experimental Research:
 Experimental research is like a science experiment. We change
something and see what happens. For example, if we want to know if
studying with music helps students remember better, we might have
one group study with music and another without, and then test their
memory.

So, these are the main types of quantitative research, and each one is used
for different purposes depending on what the researcher wants to find out.

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