Instruction 2 -Referring to Instruction 2

question 43

Short Answer

Instruction 2.6
The frequency distribution below represents the rents of 250 randomly selected federally subsidised apartments in Sydney.
$$\begin{array} { | l | l | } \hline \text {Rent in } \$ & \text { Frequency } \\\hline 300 \text { but less than } 400 & 113 \\\hline 400 \text { but less than } 500 & 85 \\\hline 500 \text { but less than } 600 & 32 \\\hline 600 \text { but less than } 700 & 16 \\\hline 700 \text { but less than } 800 & 4 \\\hline\end{array}$$
-Referring to Instruction 2.6,the percentage of apartments renting for less than $600 is _________.

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Definitions:

Sales Commissions

The payment given to sales employees based on the amount of sales they generate, typically a percentage of the sale price.

Sales Volume

The amount of goods or services a company sells over a certain time frame.

Variable Costs

Costs that vary directly with the level of output or production, such as materials and labor directly involved in manufacturing.

Step-Variable Cost

Costs that remain constant for a set level of activity but jump to a higher amount once certain thresholds are exceeded.