Explanation

The median is an average which is the middle value when figures are arranged in order of magnitude, e.g. These are the marks obtained by a group of students.

Solution: Rearrange 30, 40, 45, 50, 55, 60, 65, 80, 85. Therefore the median is 55.

Merits of the median are:

(i) Computation is easy.

(ii) Median gives a clear idea of the distribution of the data.

(iii) Median can also be graphically obtained.

(iv) It does not use all the values in the distribution.

(v) Calculation is easy to comprehend or understand.

Demerits of the median are:

(i) Re-arrangement may be cumbersome when large data are involved.

(ii) The data must be well arranged before computation.

(iii) There is limit to its usefulness in statistical calculations.

Correct Answer: A. advertisement

Correct Answer: A. David humbled himself when he realized his sin but Saul was stubborn

Correct Answer: C) To allay the fears of minorities in Nigeria

Explanation

The question is asking about the primary purpose of the Sir Henry Willinks Commission of Inquiry. This is a historical event that took place in Nigeria. The purpose of the commission was to investigate the fears of minority groups in Nigeria. The correct answer is option C, To allay the fears of minorities in Nigeria. This means that the commission was aimed at addressing the concerns and worries of smaller groups of people in Nigeria who felt that their rights were not being respected or protected. The other options are not correct. Option A is incorrect because Lagos was already a British colony at the time. Option B is also incorrect because the amalgamation of Northern and Southern Nigeria had already taken place before the commission was set up. Option D is incorrect because the commission was not related to the approval of Nigeria's independence. It is important to understand the historical context of events like the Sir Henry Willinks Commission of Inquiry, as they play a significant role in shaping the country we live in today.

Correct Answer: A. Queen of England

Correct Answer: B. ores

Correct Answer: C. diction

Correct Answer: B. -1

Explanation

p - 2g + 1 = g + 3p.........(1)

p - 2 = 0 .........(2)

From (2), p = 2; put p = 2 into (1);

2 - 2g + 1 = g + 3(2)

3 - 2g = g + 6

-2g - g = 6 - 3

-3g = 3

g = \(\frac{3}{-3}\)

g = -1

Correct Answer: A. African, the pacific and the Caribbean

Explanation

(a)(i) A mortgage bank is a financial institution that specializes in granting loans to individual and corporate bodies for building purposes. Such loans are repaid by installments and can be spread over several years. On the other hand, a merchant bank is a financial institution that provides specialized services like acceptance of bills of exchange, corporate finance; portfolio management, equipment leasing and acceptance of deposits.

(ii) Commercial banks are financial institutions that per-form the services of holding people's money and ac-counts and using such money to make loans and other financial services available to customers. The loans are usually for short and medium terms. Also, Development bank is a financial institution set up to pro-vide long term loans to groups of individuals and governments for development projects. They provide financial assistance in high risk, low profit and long gestation period investments which are unattractive to commercial banks.

(b) The functions of commercial banks include:

(i) Acceptance of deposit: Customers money can be kept in any of the three different types of commercial bank accounts-savings, current or demand deposit and time or fixed deposit accounts.

(ii) Lending of money:Commercial banks make avail-able loans, overdraft and discount bills of exchange for their customers.

(iii) Commercial banks provide: facilities for domestic and foreign remittances. Such transfers can be done telegraphically or by cable, or by ordinary sail or through traveller's cheques.

(iv) Commercial banks provide:facilities for the safe keeping of valuables

(v) Trust services for individuals and organizations. Trust services include the management of trust funds.

(vi) Agency services:The banks act as agents for their customers in the purchase and sale of securities.

(vii) Money creating function: Deposits received can be given out as credit to customers which in turn create further deposits.

(viii) Commercial banks offer advisory services to customers.