I understand you’re having an issue with New Outlook for Mac (For home) showing “connection to the server failed or was dropped” along with an intermittent pinging noise on your iMac. I’m happy to help.
Before we get to the troubleshooting steps, can you let me know ưhat type of mailbox did you add in New Outlook for Mac (Outlook.com/Hotmail, Exchange/Microsoft 365, or third‑party IMAP/POP)? and whether it happens on all networks or only one?
I would love to hear from you soon. Have a lovely day!