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K During an economic crisis, the average value of homes in a community of 36 homes lost $9462 with a standard deviation of $1400.
K During an economic crisis, the average value of homes in a community of 36 homes lost $9462 with a standard deviation of $1400. The average home value in the region lost $9010. 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 = 0.05. Identify the hypotheses for the test. Ho H HAH The test statistic is (Round to two decimal places as needed.) The P-value is (Round to three decimal places as needed.) What is the conclusion of the test? Was the average loss observed significantly different from the region value?
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