Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure 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 1,505 1,494 Total Rooms 1,750 1,800

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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.