What factors determine the rate of interest in an economy?

(i) Outline the major differences between quantity and the Keynesian Liquidity preference theories of money demand. (5 marks) (ii) If money supply in a given economy […]

Assume a consumer spends all his income in the purchase of two goods X and Y whose prices are Sh. 30 and Sh. 20 per unit […]

(i) Why is the mode not used extensively in statistical analysis? (3 marks) (ii) “The standard deviation is the natural partner to the mean.” Explain. (3 […]

Describe briefly how to estimate the median on a grouped frequency distribution graphically.

In what situation would a weighted mean be used? Explain

Mr. Ole Mboga is married to Pesa Mboga. Ole Mboga is a registered engineer and he is the proprietor of Leta Engineering Services a firm of […]

Towards the end of an audit, it is common for the external auditor to seek a letter of representation (written representations) from the management of the […]

A machine produces circular bolts and, as a quality control test, 250 bolts were selected randomly and the diameter of their heads measures as follows: Diameter […]