WAEC Economics 1996 Question 35

Question 35

Tools of Economic Analysis

The hourly wages of five employees of the Nigerian Ports Authority are N2.52, N3.96, N3.28, N9.20 and N3.75 respectively. The median hourly wage is

  1. A.N2.52
  2. B.N3.28
  3. C.N3.75
  4. D.N3.96
  5. E.N9.20
Show the answer and explanation

Answer: C (N3.75)

Explanation

In order: 2.52, 3.28, 3.75, 3.96, 9.20; the middle value is N3.75.