During an economic crisis, the average value of homes in a community of 36 homes lost $9390 with a standard deviation of $ 1450.The average home value in the region lost $8930.Was this community of 36 homes unusual? Use a t-test to decide if the average loss observed was significantly different from the region value. Use a level of significance alpha equals0.05.

A. Identify the hypotheses for the test.

B.The test statistic is

(Round to two decimal places as needed.)

C.The P-value is

(Round to three decimal places as needed.)

D.What is the conclusion of the test? Was the average loss observed significantly different from the region value?

(fail to/reject) the null hypothesis because the P-value is (less/greater) than the given significance level, and conclude that the loss of home values in this community (does/does not) appear to be unusual.