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K During an economic crisis the average value of homes in a community of 36...

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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 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 a 0 05 Identify the hypotheses for the test Ho 1 HAH The test statistic is Round to two decimal places as needed C 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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