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When developing an appraisal, you calculate the following GRMs from comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the median of the GRMs?

A. 95.6
B. 96.3
C. 99.9
D. 94.3

Answer :

Final answer:

The median of the GRMs provided in the question is 95.6, which is the middle value in the sorted list of numbers.

Explanation:

When developing an appraisal, you are asked to calculate the median of these GRMs: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. The median is the number in the middle of an ordered list. Therefore, you first need to list the GRMs in numerical order: 84.5, 90.1, 94.3, 95.6, 99.9, 100.7, 109.2. Now, you search for the number in the middle. With seven numbers in the list, the fourth number is the median, and that is 95.6. So, the answer to your question is a. 95.6

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Final answer:

The median of the GRMs is 99.9.

Explanation:

To find the median of the GRMs, first arrange the values in ascending order: 84.5, 90.1, 94.3, 95.6, 99.9, 100.7, 109.2. There are 7 values, so the median will be the fourth value, which is 99.9. Therefore, the correct answer is option c. 99.9.

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