NECO Economics Past Questions & Answers - Page 18

86.

The following are advantages of standard deviation EXCEPT that it

A.

Has greater practical utility in sampling

B.

Is a good measure of dispersion since all the values are used in its calculation

C.

Is important and useful in the analysis of T- Test

D.

Is not a sound mathematical index

E.

Is the most popular measure of dispersion in distribution

Correct answer is A

No explanation has been provided for this answer.

87.

Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14

A.

8

B.

10

C.

12

D.

14

E.

30

Correct answer is A

No explanation has been provided for this answer.

88.

In a solo proprietorship, decisions are made by the

A.

Board of directors

B.

Government

C.

Management

D.

Owner

E.

Shareholders

Correct answer is D

No explanation has been provided for this answer.

89.

The difference between Gross National Income and Gross Domestic Product is known as

A.

Capital consumption

B.

Debt repayments

C.

Investment abroad

D.

Net income from abroad

E.

Net saving

Correct answer is D

No explanation has been provided for this answer.

90.

At the point where total utility begins to decline MU is

A.

Constant

B.

Decreasing

C.

Increasing

D.

Negative

E.

Zero

Correct answer is D

No explanation has been provided for this answer.