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1 vote
High demand cars that are also in low supply tend to retain their value better than other cars. The data in the table is for a car that won a resale value award

User Cucufrog
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2 Answers

3 votes

Final answer:

The student's question relates to analyzing trends in car safety award data and understanding supply curve dynamics in the context of business or economics at the college level. It requires statistical analysis and economic reasoning.

Step-by-step explanation:

The student's question involves analyzing data to determine if there has been a change in the distribution of cars that earned top safety picks between the years 2009 and 2013. This question lies within the field of Business or specifically within the area of business statistics, focusing on the analysis of trends over time.

Furthermore, considering the supply of cars and how it changes with price is another key aspect of this question. Using the supplied figures and tables, which is common in business studies, the student is asked to interpret how the quantity supplied of cars changes as the price increases from $20,000 to $22,000—a concept known in economics as the law of supply.

In summary, the question requires the application of statistical analysis to evaluate changes in car safety awards over time and the understanding of basic supply curve dynamics.

User Lalyos
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4.4k points
4 votes

Answer:

I believe the answer is D

Step-by-step explanation:

Hope this helps

User JB Hurteaux
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4.3k points