ECO 578 FINAL EXAM 1
Texas A&M University
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ECO 578 Midterm Exam 2020;Questions and Answers
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ECO 578 Midterm Exam 2020;Questions and Answers
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ECO 578 FINAL EXAM 1 | GRADED A
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ECO 578 FINAL EXAM 1
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ECO 578 FINAL EXAM 1
- Exam (elaborations) • 12 pages • 2021
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ECO 578 FINAL EXAM 1 
 
 
 
 
 
 
 
Part A: Answer the following questions (1-5) 
 
 
 
 
1.	What are the measures of central tendency? Arithmetic mean 
Median Mode 
2.	What are the characteristics of mean, median, and mode? 
 
Mean = the average of a data set; sum of a set of numbers divided by total number in the set Median = the middle value of a set of data (when data is listed in order) 
Mode = the value that appears most often in a data set 
 
3.	What is the sampling error? 
 
The sampl...
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