14. Topic 14(COLON) Quantitative Methods for Economists
Lesson 14.2: Summary Statistics And Index Numbers — Quiz
Test your understanding of lesson 14.2: summary statistics and index numbers with 5 practice questions.
Practice Questions
Question 1
What is the mean of the numbers 4, 8, 6, 5, and 3?
Question 2
Which measure of central tendency is appropriate for data with extreme values?
Question 3
What is the formula for calculating the range of a data set?
Question 4
If the Consumer Price Index (CPI) in the base year is 100 and the CPI in the current year is 120, what is the inflation rate?
Question 5
What is the mode of the data set: 3, 7, 3, 2, 9, 3, 5?