Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume

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Tourism Is Extremely Important To The Economy Of Florida Hotel Occupancy Is An Often Reported Measure Of Visitor Volume 1 (91.34 KiB) Viewed 48 times

Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel, May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows. Current Year Ho: P1-P2 - Select your answer - Ha P₁ P2 - Select your answer - b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Previous Year 1,411 1,700 Occupied Rooms Total Rooms 1,548 1,800 a. Formulate the hypothesis test that can be used to determine whether there has been an increase in the proportion of rooms occupied over the one-year period. Let P₁ = population proportion of rooms occupied for current year P2 = population proportion of rooms occupied for previous year Hint(s) Check My Work Current year Previous Year c. Conduct p-value = Using a 0.05 level of significance, what is your conclusion? We - Select your answer that there has been an increase in the hotel occupancy rate. d. What is the 95% confidence interval estimate of the change in occupancy for the one-year period (to 4 decimals)? to hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. Do you think area officials would be pleased with the results? Officials would likely be - Select your answer with the occupancy statistics as the trend for the current year is - Select your answer in hotel occupancy rates compared to last year. Hint(s) Check My Work