Instruction 2-9
the Frequency Distribution Below Represents the Rents of 250

question 16

Short Answer

Instruction 2-9
The frequency distribution below represents the rents of 250 randomly selected federally subsidised apartments in Sydney.
$$\begin{array} { c c } \text { Rent in } \$ & \text { Frequency } \\\hline \hline 300 \text { but less than } 400 & 113 \\400 \text { but less than } 500 & 85 \\500 \text { but less than } 600 & 32 \\600 \text { but less than } 700 & 16 \\700 \text { but less than } 800 & 4\end{array}$$
-Referring to Instruction 2-9,________ apartments rented for at least $400 but less than $600.

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Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Demand

The desire and ability of consumers to purchase goods or services at given prices.

Supply

The total amount of a product or service that is available for purchase at any given price.

Dollar Appreciates

A situation where the value of the U.S. dollar increases compared to other currencies, affecting international trade and economic dynamics.