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Answer :
Final Answer:
The median of the GRMs (Gross Rent Multipliers) from the comparable sales is 132.
Explanation:
To find the median of the Gross Rent Multipliers (GRMs) from the given comparable sales, we first need to arrange them in ascending order:
GRMs: 122, 122, 126, 126, 132, 152, 159, 173
Now, we can see that there are 8 GRMs in total. Since the median is the middle value when the data is sorted, we can simply identify the middle number:
Median GRM = 132
So, the median of the GRMs is 132. This value falls in the range of the given options, and therefore, the correct answer is (c) 132.
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Final Answer:
The median of the GRMs (Gross Rent Multipliers) from the comparable sales is 132.
Explanation:
When appraising an income-producing property, the Gross Rent Multiplier (GRM) is a key metric used to estimate the property's value. It is calculated by dividing the property's sale price by its annual rental income. In this case, you have a list of GRMs from comparable sales: 122, 159, 132, 126, 122, 173, 152, and 126.
To find the median GRM, you need to arrange these values in ascending order:
122, 122, 126, 126, 132, 152, 159, 173
The median is the middle value in a sorted list. Since there are 8 values, the middle two values are 132 and 152. The median is the average of these two values:
(132 + 152) / 2 = 284 / 2 = 142
So, the median GRM is 142.
This means that the correct answer from the options provided is not listed in the choices. The closest value to the calculated median is option (b) 139, but the actual median is 142.
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