Economics First Term 2023/2024 Half Term Test

Which of the following is not a set of measure of central tendency?

• mode and mean

• mean and median

• mean and percentile

• mode and median

The most frequently occurring value in a give data is

• mean

• mode

• range

• median

• median

• mode

• mean

• range

The L1 in the formula for the calculation of measures of location represents.........

• lower class boundary of the median class

• actual frequency of the modal class

• upper class boundary of the median class

• frequency of the class just after the median class

The formation of cumulative frequency is necessary for the calculation of............

• mean

• range

• median

• mode

In a class of 5 students the following scores were obtained in a mathematics test 10, 2, 6, 7, 12. What is the median score?

• 2

• 4

• 6

• 7

Which measure of central tendency can be applied to find the highest goal scorer in a football match

• mean

• Mode

• Median

• range

If the following scores 2, 4, 6, and 10 with frequencies 3, 5, 7, and 10 respectively makes up a distribution, then the mean score is

• 5.7

• 6.7

• 7.5

• 5.4

The most reliable measure of central tendency is

• Mode

• median

• Histogram

• mean

Which one of these assumptions do economists always make about consumers?

• That they are all wage earners

• That they make rational decisions in the market

• That they cannot spend more than their incomes

• That they can measure utility derived from consumption