What is the first step in finding the Median Ratio?

Study for the Appraiser I and II Exam. Prepare with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for your exam!

Finding the median involves identifying the middle value in a dataset when it is arranged in order. Therefore, sorting the ratios from lowest to highest is the crucial first step in this process. By organizing the data in ascending order, one can easily identify the point at which half of the ratios fall below and half fall above, which is essential for calculating the median accurately. Once sorted, further steps, such as determining the total number of ratios or calculating their average, may follow to verify or finalize the median, but the very first action necessary for this task is the proper arrangement of the data.

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