We appreciate your visit to When developing an appraisal you calculate the following GRMs for comparable properties 94 3 90 1 95 6 109 2 84 5 100 7 99. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
In the list of GRMs, none of the numbers repeat, therefore there is no mode in this data set. The correct answer to the question is (d) there is no mode.
Explanation:
The mode in a set of numbers is the number that appears most frequently. Thus, in the list of Gross Rent Multipliers (GRMs) you provided, which are: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9, none of the numbers repeat, implying that there is no mode in this data set. So the correct answer would be (d) there is no mode.
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