Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (naples daily news, March 22, 2012). Hotel occupancy data for February in two consecutive years are as follows.OccupancyCurrent YearPrevious YearOccupied Rooms 1470 1458Total Rooms 1750 1800a. 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 .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? Do you think area officials would be pleased with the result?
Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (naples daily news, March 22, 2012). Hotel occupancy data for February in two consecutive years are as follows.OccupancyCurrent YearPrevious YearOccupied Rooms 1470 1458Total Rooms 1750 1800a. 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 .05 level of significance, what is your hypothesis test conclusion? What is the p-value?d. What is the 95% confidence
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