NECO 2005 Economics · Question 44
The formular (N + 1)/2 is used to determine the
Options
- A.mean
- B.median
- C.mode
- D.standard deviation
- E.mean deviation
Answer: B. median
Explanation written with AI and checked against the answer key
Analyze the question: The formula (N + 1)/2 is a statistical formula. We need to decide which measure it gives.
Explain the concept:
- Mean = ΣX / N (sum of values divided by number of values)
- Median = the middle value of an ordered data set. Its position is found using (N + 1)/2
- Mode = the most frequently occurring value (no formula needed, you just count)
- Standard deviation = √[Σ(x − x̄)² / N]
- Mean deviation = Σ|x − x̄| / N
Step-by-step solution:
- Arrange the data in ascending (or descending) order.
- Count the number of items, N.
- Find the position of the middle item using (N + 1)/2.
Example: For the data 2, 4, 6, 8, 10, we have N = 5. Position = (5 + 1)/2 = 3rd item, which is 6. That is the median.
If N is even, e.g. 2, 4, 6, 8 with N = 4, the position is (4 + 1)/2 = 2.5. This means the median is the average of the 2nd and 3rd items: (4 + 6)/2 = 5.
Answer: The formula (N + 1)/2 is used to locate the median, which is option B.
Exam tip: Remember "Median = Middle". Whenever you see (N + 1)/2, think of the position of the middle item. Mean uses ΣX/N, so don't confuse the two!
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