calculate the test statistic and p value please. P Do Homework- Azuasie Patience

Question

calculate the test statistic and p value please.

P Do Homework- Azuasie Patience Tsomukong Browser www.mathxl.com Intro to Stats (Summer 2017) Homework: Section 18.1 Homework Save PC Optimizer Pro Score: 0 25 of 1 pt 4 of 13 (13 complete) HW Score: 7308%, 9 5 of 13pts Section 18.4 Exercise 11-T- Question Help * The housing market has recovered slowly from the economic crisis of 2008 Recenty in one large community realtors buyers to estimate the average loss in home value. The sample showed the average loss was $9190 with a standard deviation of $1490 this region of the country lost $8585 in value Was the community studied by the realtors unusual? Use a ttest to significantly different from the regional average with o 05 as the Piwalue cutoff level t Walmart Photo with a standard deviation of $1.490 In 2011, the average home in decide if the average loss observed was In 2011, th t State the hypotheses. (The mean home value lost in the c ommunity is denoted by .) Ho:

Explanation / Answer

The statistical software output for this problem is:

One sample T hypothesis test:
: Mean of population
H0 : = 8585
HA : 8585

Hypothesis test results:

Hence,

Test statistic = 2.63

p Value = 0.0119 [Rounded to 4 decimal places]

Mean Sample Mean Std. Err. DF T-Stat P-value 9190 229.91199 41 2.6314417 0.0119

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