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Thursday, 01 October 2026
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Economics Past Questions and Answers

Topic: Basic Tools

Jamb Economics Questions - Basic Tools

Question 6:
X 8 10 12 16 18 20 24
F 2 1 4 3 3 1 6


From the table, Calculate the mean?
  • A 24.0
  • B 17.0
  • C 18
  • D 27.2
View Answer & Explanation
Question 7:
X 8 10 12 16 18 20 24
F 2 1 4 3 3 1 6


From the table, Calculate the median___________
  • A 24.0
  • B 17.0
  • C 18
  • D 16
View Answer & Explanation
Question 8:
The mean is the best measure of central tendency because it__________
  • A Can be calculated from incomplete data
  • B Is a balancing point in an observation
  • C Is a midpoint value in an array of data
  • D Is not affected by extreme values in a data
View Answer & Explanation
Question 9:
If the standard deviation of a given data is 8.2, find its variance_______________
  • A 82.0
  • B 91.8
  • C 67.2
  • D 4.1
View Answer & Explanation
Question 10:
The graph above shows;
  • A A decrease in quantity supplied
  • B An increase in supply
  • C A decrease in supply
  • D An increase in quantity
View Answer & Explanation