breejayy06 breejayy06
  • 25-04-2024
  • SAT
Answered

During an economic crisis, the average value of homes in a community of 36 homes lost $9392 with a standard deviation of $1550. The average home value in the region lost $8920.
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.



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