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) Previous Year (2) 1458 1800 Occupied Rooms (X) 1470 Total Rooms (n) 1750 Compute the 95% confidence interval estimate of the change in occupancy for the one-year period. What is the right limit of the interval? Round to four decimals? Answer:

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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) Previous Year (2)
1458
1800
Occupied Rooms (X) 1470
Total Rooms (n)
1750
Compute the 95% confidence interval estimate of the change in occupancy for the one-year period.
What is the right limit of the interval? Round to four decimals?
Answer:
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) Previous Year (2) 1458 1800 Occupied Rooms (X) 1470 Total Rooms (n) 1750 Compute the 95% confidence interval estimate of the change in occupancy for the one-year period. What is the right limit of the interval? Round to four decimals? Answer:
Expert Solution
Step 1

given data  n1 =1750    x1 = 1470p^1 = x1n1 = 14701750 = 0.84 n2 = 1800    x2 = 1458 p^2 = x2n2 = 14581800 = 0.8195% ci for p1-p2. 

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