The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 32 bids from potential b to estimate the average loss in home value. The sample showed the average loss was $8812 with a standard deviation of $1063. In 2011, the average home in the region of the country lost $8456 in value. Was the community studied by the realtors unusual? Use a t-test to decide if the average loss observed was significantly different from the regional average with 0.05 as the P-value cutoff level. ..... State the hypotheses. (The mean home value lost in the community is denoted by u.) O B. Ho: u2 8456 O A. Ho: u= 8456 HA: HZ8456 HA:H<8456 O C. Ho: H< 8456 HA H 8456 O D. Ho: Hz8456 HA: u= 8456 Calculate the test statistic. h-1=6 (Round to two decimal places as needed.)

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Calculate the test M Ac.
The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 32 bids from potential buyers
to estimate the average loss in home value. The sample showed the average loss was $8812 with a standard deviation of $1063. In 2011, the average home in this
region of the country lost $8456 in value. Was the community studied by the realtors unusual? Use a t-test to decide if the average loss observed was significantly
different from the regional average with 0.05 as the P-value cutoff level.
國
State the hypotheses. (The mean home value lost in the community is denoted by p.)
O A. Ho: H=8456
HAH78456
O B. Ho p28456
HA H<8456
O D. Ho H 8456
O C. Ho: H<8456
HAH 8456
HA H=8456
Calculate the test statistic.
h-1
(Round to two decimal places as needed.)
Calculate the P-value.
P-value D
Next
Transcribed Image Text:Calculate the test M Ac. The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 32 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $8812 with a standard deviation of $1063. In 2011, the average home in this region of the country lost $8456 in value. Was the community studied by the realtors unusual? Use a t-test to decide if the average loss observed was significantly different from the regional average with 0.05 as the P-value cutoff level. 國 State the hypotheses. (The mean home value lost in the community is denoted by p.) O A. Ho: H=8456 HAH78456 O B. Ho p28456 HA H<8456 O D. Ho H 8456 O C. Ho: H<8456 HAH 8456 HA H=8456 Calculate the test statistic. h-1 (Round to two decimal places as needed.) Calculate the P-value. P-value D Next
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