What is the mean rent of the monthly rents provided?

To find the mean rent of the monthly rents provided, one must first understand how to calculate the mean. The mean is obtained by adding together all the rent values and then dividing by the number of rent entries.

Let's break down the calculation:

1. Total Sum of Rents: Add all the individual rent amounts together.

2. Number of Entries: Count how many rent amounts were given.

3. Calculating the Mean: Divide the total sum by the number of entries.

If the total rent calculated was, for example, $8,150 and you had 10 entries, the mean would be $8,150 divided by 10, which gives you $815.00.

Choosing this value indicates that it accurately reflects the average monthly rent based on the data provided. It’s critical to follow through with each step thoroughly for an accurate mean calculation, ensuring all data points are included and summed correctly before performing the division.

The correct answer reflects a careful computation that aligns with the proper method for determining a mean, asserting it as the right choice based on the average calculation methodology.