Neco

Today Verified Neco 2020 Economic Answers

[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

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