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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. Occupied Rooms Total Rooms Current Year 1,435 1,750 Let p-population proportion of rooms occupied for current year P-population proportion of rooms occupied for previous year 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 1,404 1,800 Ho: Pi-P-Select your answer- H. : P₁-Pi 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 rates compared to last year Select your answer in hotel occupancy

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 1,435 1,750 Let p-population proportion of rooms occupied for current year P-population proportion of rooms occupied for previous year 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 1,404 1,800 Ho: Pi-P-Select your answer- H. : P₁-Pi 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 rates compared to last year Select your answer in hotel occupancy

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. Occupied Rooms Total Rooms Current Year Let pi population proportion of rooms occupied for current year P = population proportion of rooms occupied for previous year 1,435 1,750 Previous Year 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 Pi-Pa-Select your answer- H.: P-P-Select your answer- b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? 1,404 1,800 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. Occupied Rooms Total Rooms Current Year Let pi population proportion of rooms occupied for current year P = population proportion of rooms occupied for previous year 1,435 1,750 Previous Year 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 Pi-Pa-Select your answer- H.: P-P-Select your answer- b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? 1,404 1,800 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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