Homework Help is Here – Start Your Trial Now!
Math
Statistics
gnment 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 Previous Year Occupied Rooms Total Rooms 1,540 1,750 1,530 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 Pi population proportion of rooms occupied for current year P2 population proportion of rooms occupied for previous year Ho P1 P2 less than or equal to 0 Ha P1 P2 greater than 0 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year 0.88 Previous Year 0.85 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value = 0.0044 Using a 0.05 level of significance, what is your conclusion? We can conclude 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)? 0.0185 to 0.0415 Do you think area officials would be pleased with the results? Officials would likely be pleased compared to last year. with the occupancy statistics as the trend for the current year is an increase in hotel occupancy rates

gnment 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 Previous Year Occupied Rooms Total Rooms 1,540 1,750 1,530 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 Pi population proportion of rooms occupied for current year P2 population proportion of rooms occupied for previous year Ho P1 P2 less than or equal to 0 Ha P1 P2 greater than 0 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year 0.88 Previous Year 0.85 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value = 0.0044 Using a 0.05 level of significance, what is your conclusion? We can conclude 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)? 0.0185 to 0.0415 Do you think area officials would be pleased with the results? Officials would likely be pleased compared to last year. with the occupancy statistics as the trend for the current year is an increase in hotel occupancy rates

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
gnment 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 Previous Year Occupied Rooms Total Rooms 1,540 1,750 1,530 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 Ho P1 P2 less than or equal to 0 Ha P1 P2 greater than 0 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year 0.88 Previous Year 0.85 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value = 0.0044 Using a 0.05 level of significance, what is your conclusion? We can conclude 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)? 0.0185 to 0.0415 Do you think area officials would be pleased with the results? Officials would likely be pleased compared to last year. with the occupancy statistics as the trend for the current year is an increase in hotel occupancy rates
Transcribed Image Text:gnment 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 Previous Year Occupied Rooms Total Rooms 1,540 1,750 1,530 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 Ho P1 P2 less than or equal to 0 Ha P1 P2 greater than 0 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year 0.88 Previous Year 0.85 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value = 0.0044 Using a 0.05 level of significance, what is your conclusion? We can conclude 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)? 0.0185 to 0.0415 Do you think area officials would be pleased with the results? Officials would likely be pleased compared to last year. with the occupancy statistics as the trend for the current year is an increase in hotel occupancy rates
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 7 steps with 10 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS