Calculate the mean of these Gross Rent Multipliers: 77, 88, 72, 69, 77, 91.

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Multiple Choice

Calculate the mean of these Gross Rent Multipliers: 77, 88, 72, 69, 77, 91.

Explanation:
The mean (arithmetic average) is found by adding all the values and dividing by how many values there are. Here there are six Gross Rent Multipliers: 77, 88, 72, 69, 77, and 91. Summing them gives 474, and dividing by 6 yields 474 ÷ 6 = 79. The mean represents the central tendency of this set of multipliers, giving the typical value in the data. Therefore, the correct value is 79.

The mean (arithmetic average) is found by adding all the values and dividing by how many values there are. Here there are six Gross Rent Multipliers: 77, 88, 72, 69, 77, and 91. Summing them gives 474, and dividing by 6 yields 474 ÷ 6 = 79. The mean represents the central tendency of this set of multipliers, giving the typical value in the data. Therefore, the correct value is 79.

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