Which of the following rents appears most frequently in the provided data?

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

To determine which rent appears most frequently, one would analyze the data set for the frequency of each rent amount listed. In this scenario, the conclusion that $800 is the most frequently occurring rent indicates that, upon reviewing the data, this particular value has been recorded the highest number of times compared to the other amounts.

Frequency analysis is a fundamental concept in statistics, where the goal is to identify how often each value occurs within a dataset. By correctly identifying $800 as the mode, it demonstrates an understanding of basic statistical measures and the ability to extract meaningful insights from raw data. This process of counting occurrences allows for determining which rent is the most common, providing valuable information for analysis, decision-making, or market insights in the context of real estate or property management. Identifying modes in data is crucial for understanding trends and making predictions based on historical information.

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