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 1,428 1,440 Total Rooms 1,700 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 %3D P2 = population proportion of rooms occupied for previous year Ho : P1 – P2 less than or equal to 0 H. : Pi – P2 greater than 0 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year 0.84 Previous Year 0.80 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value = %3D 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)? to Do you think area officials would be pleased with the results? Officials would likely be pleased v with the occupancy statistics as the v in hotel occupancy rates compared trend for the current year is an increase 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. Current Year Previous Year Occupied Rooms 1,428 1,440 Total Rooms 1,700 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 %3D P2 = population proportion of rooms occupied for previous year Ho : P1 – P2 less than or equal to 0 H. : Pi – P2 greater than 0 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year 0.84 Previous Year 0.80 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value = %3D 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)? to Do you think area officials would be pleased with the results? Officials would likely be pleased v with the occupancy statistics as the v in hotel occupancy rates compared trend for the current year is an increase to last year.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
100%
Transcribed Image Text: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).
12.
Hotel occupancy data for February in two consecutive years are as follows.
13.
Current Year
Previous Year
14.
Occupied Rooms
1,428
1,440
Total Rooms
1,700
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
earch Math
P2 =
population proportion of rooms occupied for previous year
Ho : P1 – P2 less than or equal to 0
A-Z
SASE
H. : Pi – P2 greater than 0
b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)?
O Office
Current year
0.84
IMG 8516
Previous Year
0.80
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 can conclude
that there has been an increase in the hotel occupancy
or
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 pleased
with the occupancy statistics as the
trend for the current year is
an increase
in hotel occupancy rates compared
to last year.
се
S
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman