$$\text { TABLE 2-9 }$$ 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:

Financial Accounting

The field of accounting that provides economic and financial information for investors, creditors, and other external users.

Raw Materials

Basic materials that are used in the production of goods, which have not yet been processed or manufactured.

Direct Materials

Raw materials that are directly incorporated into a finished product and are a significant portion of the product’s cost.

Indirect Materials

Materials used in the production process that cannot be directly traced to the finished product in a cost-effective manner.