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2506

Which of the following set of statistical tools is used for further economic analysis?

  • A. the median and standard deviation
  • B. the mean and mode
  • C. the mean and standard deviation
  • D. the mode and median
View Answer & Discuss (7) JAMB 2013
2507
An advantage of the range as a measure of dispersion is that it
  • A. can be used to calculate open-ended distribution
  • B. make use of all values of observations in a distribution
  • C. takes all values into consideration
  • D. is useful for further statistical calculation
View Answer & Discuss (3) JAMB 2013
2508

Find the median of the following set of data 35,10,14,38,15,18,22,30 and 28

  • A. 10
  • B. 38
  • C. 35
  • D. 22
View Answer & Discuss JAMB 2013
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2509

An increase in demand without a corresponding change in supply will lead to

  • A. a decrease in equilirium price and increase in equilibrium quantity
  • B. an increase in equilibrium price and quantity
  • C. a decrease in equilibrium price and quantity
  • D. an increase in equilibrium price and a decrease in equilibrium quantity
View Answer & Discuss (7) JAMB 2013
2510

An increase in the price of a commodity will result in

  • A. a decrease in the quantity demanded
  • B. an increase in demand
  • C. an increase in quantity demanded
  • D. a decrease in demand
View Answer & Discuss JAMB 2013
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