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. Occupied Rooms Total Rooms Current Year 1,360 1,700 1,309 1,700 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 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)? Current year Previous Year Previous Year c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. 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 - 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 v in hotel occupancy rates compared to last year.
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. Occupied Rooms Total Rooms Current Year 1,360 1,700 1,309 1,700 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 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)? Current year Previous Year Previous Year c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. 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 - 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 v in hotel occupancy rates compared to last year.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter7: Integration
Section7.CR: Chapter 7 Review
Problem 88CR
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Transcribed Image Text: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.
Let P₁ = population proportion of rooms occupied for current year
P2 = population proportion of rooms occupied for previous year
Occupied Rooms
Total Rooms
1,360
1,700
1,309
1,700
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.
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)?
Current Year
Current year
Previous Year
c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B.
p-value =
Using a 0.05 level of significance, what is your conclusion?
Previous Year
-
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
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.
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