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

A. 96.3
B. 95.6
C. 94.3
D. There is no mode

Answer :

Final answer:

In the list of GRMs, none of the numbers repeat, therefore there is no mode in this data set. The correct answer to the question is (d) there is no mode.

Explanation:

The mode in a set of numbers is the number that appears most frequently. Thus, in the list of Gross Rent Multipliers (GRMs) you provided, which are: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9, none of the numbers repeat, implying that there is no mode in this data set. So the correct answer would be (d) there is no mode.

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