What is the mode of this set of Gross Rent Multipliers: 69, 77, 88, 77, 91?

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Master the Mckissock General Appraiser Sales Comparison Approach Test with comprehensive quizzes and explanations. Enhance your skills in the appraiser profession and pass your exam with confidence!

Multiple Choice

What is the mode of this set of Gross Rent Multipliers: 69, 77, 88, 77, 91?

Explanation:
Mode is the value that appears most often. In this data set, 69 appears once, 77 appears twice, 88 appears once, and 91 appears once. Since 77 occurs more frequently than any other number, it is the mode. The other values each show up only once, so they can’t be the mode. This helps identify the most common gross rent multiplier observed.

Mode is the value that appears most often. In this data set, 69 appears once, 77 appears twice, 88 appears once, and 91 appears once. Since 77 occurs more frequently than any other number, it is the mode. The other values each show up only once, so they can’t be the mode. This helps identify the most common gross rent multiplier observed.

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