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You are looking for a home in a particular neighborhood, and you want to know the average number of bathrooms and bedrooms, the square footage,
You are looking for a home in a particular neighborhood, and you want to know the average number of bathrooms and bedrooms, the square footage, and the appraised value of houses in that neighborhood. Which measure of central tendency (mean, median, or mode) would be the most appropriate for each piece of information listed, and why?
Why do they use the central tendency in real estate? What is the relevance to it?
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