Mathematics 2024 – Question 5
Mathematics 2024 – Question 5
Find the median weight of 40 female lions given below.
| Weight (kg) | 118 – 126 | 127 – 135 | 136 – 144 | 145 – 153 | 154 – 162 | 163 – 171 | 172 – 180 |
|---|---|---|---|---|---|---|---|
| Frequency | 3 | 5 | 9 | 12 | 5 | 4 | 2 |
Explanation
Inflation effects on: debtors (benefit – repay with cheaper money), creditors (lose – receive less purchasing power), fixed income earners (lose – income buys less), exporters (lose – products more expensive abroad).
Savers lose (money loses value); borrowers gain. Businesses face uncertainty (harder to plan), menu costs (changing prices), shoe-leather costs (managing cash). High inflation distorts economic decisions.
Control measures: tight monetary policy (raise interest rates, reduce money supply), fiscal policy (reduce government spending, raise taxes), supply-side measures (increase production to reduce scarcity).