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The All-Stars softball team needs to purchase new uniform jerseys. The manager uses the inequality d ≤ 750 to determine how much money the team can spend per jersey.

Which description correctly interprets the inequality in terms of this situation?
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1. The team has more than $750 to spend on jerseys.

2. The team had less than $750 to spend on jerseys.

3. The team has no more than $750 to spend on jerseys.

4. The team has at least $750 to spend on jerseys.

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which one is it?