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Answer :
Final answer:
The median of the given set of gross rent multipliers (95, 93, 120, 94, 93, 129) is (b) 94.5.
Explanation:
The median is a type of average often used in statistics and is the middle number in a sorted list of numbers. When dealing with an even set of numbers, like the gross rent multipliers given here (95, 93, 120, 94, 93, 129), the median is calculated by taking the average of the two middle numbers.
First, sort the numbers from least to greatest: (93, 93, 94, 95, 120, 129). The two middle numbers are 94 and 95. Then, to find the median, add the numbers and divide by 2.
(94 + 95) / 2 = 189.5 / 2 = 94.5
So, the median of the given set of gross rent multipliers is 94.5.
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