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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. Previous Year Occupied Rooms Total Rooms 1,458 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 Current Year 1,512 1,800 Ho P1 P2 - Select your answer V 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 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 - 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. Previous Year Occupied Rooms Total Rooms 1,458 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 Current Year 1,512 1,800 Ho P1 P2 - Select your answer V 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 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 - in hotel occupancy rates compared to last year.

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
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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 1,512 1,800 Let P₁= population proportion of rooms occupied for current year P2 = population proportion of rooms occupied for previous year Occupied Rooms Total Rooms 1,458 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. 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 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 - in hotel occupancy rates compared to last year.
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. Current Year 1,512 1,800 Let P₁= population proportion of rooms occupied for current year P2 = population proportion of rooms occupied for previous year Occupied Rooms Total Rooms 1,458 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. 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 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 - in hotel occupancy rates compared to last year.
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