Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often- reported measure of visitor volume and visitor activity. Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1470 1458 Total Rooms 1750 1800 a. Formulate the hypothesis test that can be used to determine if there has been an increase in the proportion of rooms occupied over the one-year period. b. What is the estimated proportion of hotel rooms occupied each year? c. Using a 0.05 level of significance, what is your hypothesis test conclusion? What is the p-value? d. What is the 95% confidence interval estimate of the change in occupancy for the one-year period?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question

part d

Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often-
reported measure of visitor volume and visitor activity. Hotel occupancy data for February in two
consecutive years are as follows.
Current Year
Previous Year
Occupied Rooms
1470
1458
Total Rooms
1750
1800
a. Formulate the hypothesis test that can be used to determine if there has been an increase in the
proportion of rooms occupied over the one-year period.
b. What is the estimated proportion of hotel rooms occupied each year?
c. Using a 0.05 level of significance, what is your hypothesis test conclusion? What is the p-value?
d. What is the 95% confidence interval estimate of the change in occupancy for the one-year period?
Transcribed Image Text:Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often- reported measure of visitor volume and visitor activity. Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1470 1458 Total Rooms 1750 1800 a. Formulate the hypothesis test that can be used to determine if there has been an increase in the proportion of rooms occupied over the one-year period. b. What is the estimated proportion of hotel rooms occupied each year? c. Using a 0.05 level of significance, what is your hypothesis test conclusion? What is the p-value? d. What is the 95% confidence interval estimate of the change in occupancy for the one-year period?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Area of a Circle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman