Real Estate Math
A Louisiana appraiser finds three comparable sales: $198,000, $204,000, and $201,000 (adjusted). What is the mean of these adjusted values?
A$200,000
B$201,000✓ Correct
C$202,000
D$203,000
Explanation
Mean = ($198,000 + $204,000 + $201,000) ÷ 3 = $603,000 ÷ 3 = $201,000. Using the values given ($198,000,, $204,000,), apply the appropriate formula.. The correct answer is $201,000.. This is a common calculation on the Louisiana real estate exam.
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