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Sales ComparisonEASY16.4% of exam

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.

Answer Options
A
$292,000
B
$289,580
C
$289,240
D
$288,913

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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