How many times does the rent $850 appear in the given data?

Prepare for the Statistics, Modeling and Finance Exam. Leverage flashcards and multiple choice questions with detailed explanations. Achieve exam success!

To determine how many times the rent of $850 appears in the dataset, one would typically analyze the data for instances where the rent value is equal to $850. This process involves counting all occurrences in the dataset that match this specific value.

If the correct answer indicates that the rent appears twice, this implies that upon scrutiny of the dataset, two entries have been recorded with the rent set at $850. This means the dataset has been examined carefully, confirming that only these two occurrences of $850 exist.

In contrast, if any other answers suggested a higher or lower count, it would mean either overlooking some entries or miscounting. Therefore, verifying the raw data ensures an accurate reflection of how often the specified rent figure appears, reinforcing that the right answer, in this case, reflects a thorough examination of the records.

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