Lab Do re https math k.aspx Intro to Stats (Summer 2017) MyStatLab Homework: Sec

Question

Lab Do re https math k.aspx Intro to Stats (Summer 2017) MyStatLab Homework: Section 18.1 Homework Score: 0.5 of 1 pt & Section 18.4 Exercise 11-T 40, 13 (13 complete) HW Score: 91.67%, 11.92 of 13 pts with a standard deviation of $1007, In 2011, the average home in significantly different from the regional average with 0.05 as the P-value cutoft evel Calculate the P-value StatCrunch P-value-0.005 Chapter Contents (Round to three decimal places as needed) State the conclusion A. Reject the nul hypothesis Corelude that the loss of home values in this commny O C. Fail to reject the nul hypothesis. Conclude that the loss of home values in this rect O ) t the null hypothesis Conclude that the loss of home values in this community does appear to be unusua Multimedia Library Conclude that the loss of home values in this community does not appear to be unusual home values in this community does appear to be unusual values in this community does not appear to be unusua O D. Fal to reject the null hypothess Conclude that the loss of home vains n thes Tutor All parts showing M

Explanation / Answer

a) P-Value: 0.0046

since

t Test
Test Statistic, t: 3.1141
Critical t: ±2.0595

b) Correct answer: Option (A)

since P-value is < alpha 0.05, so we reject H0

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