18.4.11 – Housing Market Recovering from 2008 Recession

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You're given a sample number of bids from potential buyers in a community. Then you're given the average loss in home value and standard deviation from the sample. Then you're given an average home loss value for a year. Then they ask you if the community studied was unusual and to use a t-test to decide if the average loss observed was significantly different from the regional average.

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