Use the Sample Data Below to Test Whether Car Color

question 13

Essay

Use the sample data below to test whether car color affects the likelihood of being in an accident. Use a
significance level of 0.01. $$\begin{array} { r | r r r } & \text { Red } & \text { Blue } & \text { White } \\\hline \text { Car has been in } & & & \\\text { accident } & 28 & 33 & 36 \\\text { Car has not been } & & & \\\text { in accident } & 23 & 22 & 30\end{array}$$

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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good supplied.

Vertical

Referring to the direction pointing up or down, perpendicular to the horizontal plane.

Inverse Demand Function

A mathematical function that expresses price as a function of quantity demanded, showing the price at which consumers are willing to purchase a certain quantity of a good.

Inverse Supply

A representation of the relationship where the price of a good influences the quantity supplied, typically showing higher quantities supplied at higher prices.