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Define Mean in Real Estate

Mean: 

The Mean is a term used in statistics to describe the average value of a set of data. To find the mean, you add up all of the values in the data set and then divide by the total number of values.

Example: 

Let's say you have a set of data that includes the following numbers: 3, 5, 7, 9, 11. To find the mean, you would add up all of the numbers: 3 + 5 + 7 + 9 + 11 = 35. Then, you would divide by the total number of values (which is 5 in this case), giving you a mean of 7.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

The Mean, oh what a thing!
It's the average value, that's its fling.
You take some data, oh yes you do,
And add it all up, that's nothing new.

Then you divide by the total number, oh so bold,
And that's the mean, as I've been told.
It's a way to find the middle, in a way,
By adding up and dividing, it saves the day!

For example, let's say you have a set,
Of numbers that you need to get.
3, 5, 7, 9, 11, oh what a crew,
To find the mean, what will you do?

You add them up, with great care,
And get a total, that's only fair.
35 is the sum, you see,
And you divide by 5, that's easy as can be!

The mean is 7, that's the number you seek,
It's the average, and not too meek.
So when you have data, and need to find,
The average value, don't you mind.
Just find the mean, it's quite a feat,
And you'll have a number, that's sure to meet!