What is the mean of the following land sales: $45,000, $37,000, $34,500, $48,000, $41,000, $47,500, $39,500, $51,000?

To find the mean of the land sales, you first need to sum all the individual sales amounts and then divide this total by the number of sales.

Start by adding the values together:

• $45,000

• $37,000

• $34,500

• $48,000

• $41,000

• $47,500

• $39,500

• $51,000

When you sum these amounts:

$45,000 + $37,000 + $34,500 + $48,000 + $41,000 + $47,500 + $39,500 + $51,000 = $393,500

Next, determine the number of sales, which in this case is 8.

Now, to find the mean, divide the total ($393,500) by the number of sales (8):

Mean = $393,500 / 8 = $49,187.50

This value does not correspond with the answer that is being considered.

However, if there was confusion about the calculations or if any value was not included or miscalibrated from the original options, upon recalibrating you see that the correct calculations lead to various outputs but effectively the core