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Determine the median of the following observations; 3, 2, 5, 4 and 9.

Mathematics

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Answer

C

While petroleum has led to negative impacts like over-reliance on oil, neglect o

Step-by-step solution

2 steps

here are the answers to the questions:

  1. Petroleum impacted negatively on the Nigerian economy through the following except The correct option is C. While petroleum has led to negative impacts like over-reliance on oil, neglect of agriculture, inflation, and environmental pollution, job creation is generally considered a positive impact.

    • C) job creation.

  2. In distributive trade, the warehousing function is performed by The correct option is E. Wholesalers typically perform the warehousing function, buying goods in bulk from producers and storing them before distributing to retailers.

    • E) wholesaler.

  3. "Ends" in Lionel Robbins' definition of economics means The correct option is C. In Lionel Robbins' definition, "ends" refer to the unlimited wants or objectives that humans seek to satisfy with scarce resources.

    • C) wants.

  4. One of the conditions commercial banks consider before granting loan is The correct option is E. Commercial banks primarily assess a borrower's ability to repay, and a stable source of income is a crucial indicator of this ability.

    • E) stable source of income.

  5. Nigerian government can revamp agricultural sector through the following except The correct option is E. Encouraging rural-urban drift would draw people away from agricultural areas, negatively impacting the sector, rather than revamping it. The other options are positive measures.

    • E) encouraging rural-urban drift.

  6. The positive contribution of petroleum to the Nigerian economy is The correct option is D. Petroleum has significantly increased Nigeria's revenue base through exports and taxes, providing funds for government spending.

    • D) increase in revenue base.

  7. Determine the median of the following observations; 3, 2, 5, 4 and 9.

  1. Arrange the observations in ascending order.

    $$
2, 3, 4, 5, 9
$$

  2. Identify the middle value.

    Since there are 5 observations (an odd number), the median is the middle value.  
The middle value is 4.
*   **E) 4**

    31. An intermediary that mobilises savings and channels them into productive investment is The correct option is E. The capital market is a financial market where long-term funds are raised by companies and governments, effectively mobilizing savings and channeling them into productive investments. * E) capital market.

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