$$\text { TABLE 2-9 }$$ The Frequency Distribution Below Represents the Rents of 250 Randomly

question 26

Short Answer

$$\text { TABLE 2-9 }$$
The frequency distribution below represents the rents of 250 randomly selected federally subsidized apartments in Minneapolis.


$\begin{array}{lr}\hline \text { Rent in \( \$ \)} & \text { Frequency }\\\hline \text { 300 but less than 400 }& 113 \\ \text { 400 but less than 500} & 85 \\ \text { 500 but less than 600 }& 32 \\ \text { 600 but less than 700 }& 16 \\ \text { 700 but less than 800 }& 4 \\\hline\end{array}$

-Referring to Table 2-9,_____ percent of the apartments rented for no less than $600.

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Definitions:

Standard Overhead Rate

A predetermined rate applied to estimate the cost of a product’s indirect expenses such as manufacturing or production overheads.