If rents for apartments are 1 @ $500, 2 @ $600, 2 @ $650, and 1 @ $750, what is the range of rents?

To determine the range of rents, you first identify the lowest and highest rents from the provided data. Here, the lowest rent is $500, and the highest rent is $750.

The range is calculated by subtracting the lowest rent from the highest rent:

Range = Highest Rent - Lowest Rent

Range = $750 - $500 = $250

This calculation demonstrates that the range of rents is indeed $250. Thus, the correct answer reflects the difference between the highest and lowest rental amounts, highlighting how the range indicates the spread or variability in rental prices for this dataset.