Corner-lot Non-corner Lot House Price House Price
The data in the Excel spreadsheet attached indicate the selling prices of houses located on corner lots (“corner-lot houses”) and of houses not located on corner lots.
Conduct a one sided hypothesis test of the claim that corner-lot houses have higher average selling prices than those located on non-corner lots. Using a 99% confidence level, which of the following statements do the data support?
-Upscale expesive neighborhoods have more street corners
or
-The average selling price of a corner-lot house is higher than that of the average house not located on a corner lot
or
-The average selling price of a corner-lot house is no more than that of the average house not located on a corner lot
or
-There is not enough evidence to support the claim.
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