[19/10/2020, 10:42:41 PM] Ultimate: ECONOMIC SOLUTION
3ai)
Frequency distribution:
a mathematical function showing the number of instances in which a variable takes each of its possible values.
3aii)
Standard deviation:
is a measure of the amount of variation or dispersion of a set of values
3aiii)
Range:
the area of variation between upper and lower limits on a particular scale.
3aiv)
Table:
A table is a systematic and orderly arrangement of information, facts, or data using rows and columns for presentation, which make it easier for better understanding.
[19/10/2020, 10:57:49 PM] Ceo Oliveloaded: ECONOMICS 2020 OBJ
1-10 DCACDDEAAA
11-20 EBEAADADAE
21-30 DCCEAEABAC
31-40 EDDACABAAA
41-50 BCACABAE~B
51-60 DDDBEEAEA~
NECO ECONOMICS ANSWER
(1a) Qd= 40-4p
TABULATE
P: 10, 8, 6, 4, 2, 1
Qd: 0, 8,16, 24, 32, 36
When price = 10
Qd= 40-4(10)=0
When price= 8
Qd= 40-4(8)= 8
When price= 6
Qd= 40-4(6)= 16
When price= 4
Qd= 40-4(4) = 24
When price= 2
Qd= 40-4(2)= 32
When price= 1
Qd= 40-4(1)= 36
