ENUGU STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY

ORLU STUDY CENTRE

3
300 LEVEL 2021 CONTACT Time : 1 4 hrs

ECO 103 Economics Statistics I

Instruction: Answer question 1 and any other 2

1. From the table below,

Scores F Class Centre fx x−x́ ( x− x́ )

00 hr (x)
50 – 60 2
60 – 70 5
70 – 80 6
80 – 90 14
90 – 100 26
100 – 110 18
110 – 120 13
120 – 130 10
130 – 140 3
140 – 150 3
100

calculate

(a) The mean

(b) The mean deviation

2. (a) Name Seven types of Non random sampling

(b) Explain any two of them

3. (a) Name four commonly used methods of data collection

(b) Explain the characteristics of a good questionnaire

4. (a) List four types of diagram used in summarizing statistical data.

(b) The following is a distribution of students by departments in the school

of business studies.

Department Number of Students

Accountancy 200
Business Admin 250
Marketing 175
Sec. Admin 125
General Studies 50
Total 800

Present the data in Bar Chart.

5. Explain any four of the following

(a) Variable

(b) Population

(c) Systematic sampling

(d) Mean

(e) Mean deviation

Good Luck

Anuole Festus

ENUGU STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY

ORLU STUDY CENTRE
 Year 3 LEVEL 2021 CONTACT Time : 1 hr
ECO Monetary Economics
Instruction: Answer three questions

1 (a) What is money?

(b) Explain fully the functions of money

2. Why should people hold money?

3. Define money supply as

(a) M1

(b) M2

(c) M3

e
4. Prove that in Money supply Ms = C + D, M = 1 + r +c = multiplier

5. (a) Name theories of the demand for money

(b) Name the schools of thought in the quantity theory of the demand for
money

(c) Briefly explain any one of “b” above

Good Luck:

Anuole Festus