Suppose you live in a neighborhood with a few expensive homes and many modest homes. Which measure would you give as the “average” property value

(a) if you wanted to impress people with the neighborhood where you lived? Explain.

(b) if you wanted to convince the property tax committee that property values aren’t very high in your neighborhood? Explain.

(c) if you wanted to give the most representative “average” property value for your neighborhood? Explain.