Methods and Tools of Economic Analysis - Jamb Economics Past Questions and Answers

Question 31:

• JAMB 2005

FIND THE MEAN PRICE OF THE DISTRIBUTION

A. N54
B. N51
C. N56
D. N59

Question 32:

• JAMB 2006

The range of the data 14,13,15,18,20,35 and 13 is

A. 20
B. 22
C. 13
D. 18

Question 33:

• JAMB 2007

The range is used to

A. Estimate the mean from grouped data
B. Calculate the standard deviation
C. Determine the spread of a set of data
D. Measure the difference between the mean and the mode

Question 34:

• JAMB 2007

The table shows the wage distribution of workers.Calculate the mean wage

A. N7.40
B. N4.00
C. N10.00
D. N14.80

Question 35:

• JAMB 2007

What is the median wage?

A. N8.00
B. N 5.00
C. N11.00
D. N6.50