NILE UNIVERSITY OF NIGERIA

DEPARTMENT OF ECONOMICS
Rory 805 (Quantitative Mid
Methods)

Instructions - Answer • uestion 1 one and 1 one

other • uestion

1. Distinguish between:
(a) Qualitative and quantitative variables. Illustrate with
T examples
e (b) Sample and population. Illustrate with examples
n (c)Point estimator and interval estimator. Illustrate with
examples
(d) Null and alternate hypotheses. Illustrate with examples
(e) Discrete and continuous variables. Illustrate with
examples

2. (a) A researcher is interested in the mean age of a

certain population. A ra
of 10 individuals drawn from the population of interest has
a mean of 27.
 the population is approximately normally distributed with
variance 20, ca
that the mean is different from 30 years? (a=0.05).

(b) An advert will be judged to be effective only if the

monthly sale is mo
sample of 400 months has a mean of $178 with a variance
of $4225. Cat
that the new advert system is more effective? Use a=0.01.