Three comparables produce adjusted indications of $289,240, $292,000 and $287,500. What is the mean indication?
Correct Answer
B) $289,580
Why this is correct: Calculation: ($289,240 + $292,000 + $287,500) ÷ 3 = $868,740 ÷ 3 = $289,580. Why the other choices are wrong: $289,240 and $292,000 are individual indications rather than their average; $288,913 does not follow from the three figures given.
Why This Is the Correct Answer
Why this is correct: Calculation: ($289,240 + $292,000 + $287,500) ÷ 3 = $868,740 ÷ 3 = $289,580. Why the other choices are wrong: $289,240 and $292,000 are individual indications rather than their average; $288,913 does not follow from the three figures given.
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