During an economic​ crisis, the average value of homes in a community of 36 homes lost ​$9589 with a standard deviation of $1450. The average home value in the region lost ​$9060. Was this community...


During an economic​ crisis, the average value of homes in a community of


36

homes lost


​$9589

with a standard deviation of


$1450.

The average home value in the region lost


​$9060.

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


α=0.05.


Jun 05, 2022
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