Criminal mischief is a misdemeanor if the amount lost was $750 or more but less than $2,500. This statement is:

The statement accurately reflects the legal classification of criminal mischief in many jurisdictions, where the severity of the offense, including whether it is charged as a misdemeanor or felony, is often determined by the monetary value of the property damage or loss. In this case, if the amount lost falls between $750 and $2,500, the act is indeed considered a misdemeanor.

Laws can vary by jurisdiction, but in many states, amounts below or within that range typically correspond to misdemeanor charges, while amounts above a certain threshold may lead to felony charges. This classification helps in determining penalties and consequences facing individuals charged with this crime.

In summary, the statement is correct because it aligns with the common legal framework categorizing criminal mischief based on the amount of monetary loss involved.