Question: Please find the test statistic (t) and the p value for this problem. The housing market has recovered slowly from the economic crisis of 2008.

Please find the test statistic (t) and the p value for this problem.

The housing market has recovered slowly from the economic crisis of 2008. Recently, Next Question Inity, realtors randomly sampled 39 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $8877 with a standard deviation of $1975. In 2011, the average home in this region of the country lost $8556 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 J.) O A. Ho: H

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