What is the average retail price of the 4 Door Wagon LX?

What is the average retail price of the 4 Door Wagon LX?

• A. $6,400
• B. $7,000
• C. $5,345
• D. $8,850

Answer: (B)

To determine the average retail price of the 4 Door Wagon LX, it's essential to recognize that the average represents a central value based on a range of data. The average retail price of $7,000 suggests that it aligns with reasonable expectations for a vehicle in that category, considering factors such as market trends, condition, and additional specifications. When assessing the other values, the chosen average price reflects an approximation that balances various model characteristics and historical pricing data. The other values, while they may represent actual prices for these or similar models, do not encapsulate a price point that is widely recognized or reported for the average retail in this context. This makes $7,000 a sensible and justified choice as the average retail price in comparison.

To determine the average retail price of the 4 Door Wagon LX, it's essential to recognize that the average represents a central value based on a range of data. The average retail price of $7,000 suggests that it aligns with reasonable expectations for a vehicle in that category, considering factors such as market trends, condition, and additional specifications.

When assessing the other values, the chosen average price reflects an approximation that balances various model characteristics and historical pricing data. The other values, while they may represent actual prices for these or similar models, do not encapsulate a price point that is widely recognized or reported for the average retail in this context. This makes $7,000 a sensible and justified choice as the average retail price in comparison.