10 (11) 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 1,476 1,482 Total Rooms 1,800 1,900   What is the estimated proportion of hotel rooms occupied each year (to  2 decimals)?   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  level of significance, what is your conclusion? We  ______ 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  ___

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.