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SS2: ECONOMICS - 1ST TERM

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  1. Basic Tools for Economic Analysis I | Week 1
    5 Topics
  2. Basic Tools for Economic Analysis II | Week 2
    3 Topics
    |
    1 Quiz
  3. Theory of Demand | Week 3
    4 Topics
    |
    1 Quiz
  4. Theory of Supply | Week 4
    4 Topics
    |
    1 Quiz
  5. Theory of Production Possibility Curve I | Week 5
    1 Topic
  6. Theory of Production Possibility Curve II | Week 6
    4 Topics
    |
    1 Quiz
  7. Theory of Cost I | Week 7
    2 Topics
  8. Theory of Cost II | Week 8
    3 Topics
    |
    1 Quiz
  9. Revenue Concept | Week 9
    2 Topics
    |
    1 Quiz



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Topic Content:

  • Definition of Range
  • Advantages of the Range
  • Disadvantages of the Range

The difference between the highest and the lowest figure in a given set of distribution is called Range.

Example 1.3.1:

Find the range of the following set of scores: 200, 560, 500, 450, 310, and 431.

Solution:

The set of numbers can be rearranged in ascending other of magnitude thus: 200, 310, 431, 450, 500 and 560

This re-arrangement brings out clearly the lowest and the highest numbers

Solution:

 

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