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JAMB Economics 2020 Objective — Question 4

Question 4 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.

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Which of the following set of statistical tools is used for further economic analysis?

  • A. The median and standard deviation
  • B. The mean and mode
  • C. The mean and standard deviationCorrect
  • D. The mode and median

Explanation

The mean and standard deviation together form the key statistical tools used for further (deeper) economic analysis.

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