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Q9: Please complete Parts 1-4. Round answers as needed. During an economic crisis, the average value of homes in a community of 36 homes lost
Q9: Please complete Parts 1-4. Round answers as needed.
During an economic crisis, the average value of homes in a community of 36 homes lost $9294 with a standard deviation of $1450. The average home value in the region lost $8740. 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 a = 0.05. Identify the hypotheses for the test. Ho: H HA: HThe tsst statistic is D. {Round to Me decimal places as needed.) The P-tialue is D. (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? the null hypothesis because the P-value is than the given significance level, and conclude that the loss of home values in this community appear to be unusualStep by Step Solution
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