Which of the following monthly rents is the lowest in the provided data?

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

The lowest monthly rent among the provided options is $750. Identifying the lowest value involves comparing each given rent amount. In this case, $750 is smaller than $775, $800, and $825. This establishes it as the minimum value in the set. When analyzing numerical data, determining the lowest value is a straightforward task of evaluating all options to see which one holds the least quantity, which is reliably done with a direct comparison of the figures presented.

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