Question 1
Which statistical measure quantifies the spread of data points around the mean?
Question 2
If a dataset of economic growth rates is $2\%, 3\%, 4\%, 5\%, 6\%$, what is the mean growth rate?
Question 3
What is the primary purpose of calculating the variance in economic data analysis?
Question 4
Which of the following describes a positive correlation between two economic variables?
Question 5
When analyzing economic data, why is it important to distinguish between correlation and causation?
