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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 occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms Total Rooms 1,476 1,800 1,343 1,700 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 P1 population proportion of rooms occupied for current year P2 population proportion of rooms occupied for previous year = Ho: P1-P2-Select your answer - Ha: Pi-P2 Select your answer - b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year X * v Previous Year 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 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? M with the occupancy statistics as the trend for the current year is an increase Officials would likely be pleased to last year. ✔ in hotel occupancy rates compared

Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms Total Rooms 1,476 1,800 1,343 1,700 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 P1 population proportion of rooms occupied for current year P2 population proportion of rooms occupied for previous year = Ho: P1-P2-Select your answer - Ha: Pi-P2 Select your answer - b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year X * v Previous Year 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 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? M with the occupancy statistics as the trend for the current year is an increase Officials would likely be pleased to last year. ✔ in hotel occupancy rates compared

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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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. Let P1= population proportion of rooms occupied for current year P2= population proportion of rooms occupied for previous year 1,476 1,800 1,343 1,700 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. Current year Ho: P1-P2 - Select your answer - Ha P1 P2 - Select your answer - b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Previous Year Occupied Rooms Total Rooms * 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? Current Year to Do you think area officials would be pleased with the results? 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)? Officials would likely be pleased to last year. Previous Year with the occupancy statistics as the trend for the current year is an increase in hotel occupancy rates compared
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. Let P1= population proportion of rooms occupied for current year P2= population proportion of rooms occupied for previous year 1,476 1,800 1,343 1,700 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. Current year Ho: P1-P2 - Select your answer - Ha P1 P2 - Select your answer - b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Previous Year Occupied Rooms Total Rooms * 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? Current Year to Do you think area officials would be pleased with the results? 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)? Officials would likely be pleased to last year. Previous Year with the occupancy statistics as the trend for the current year is an increase in hotel occupancy rates compared
Expert Solution
Step 1

The question is about hypo. testing

Given :

No. of occupied rooms in current year ( x1 ) = 1476

Total no. of rooms in current year ( n1 ) = 1800

No. of occupied rooms in previous year ( x2 ) = 1343

Total no. of rooms in previous year ( n2 ) = 1700

 

To find :

a) Null and alt. hypo

b ) est. prop. of rooms occupied each year

c ) p value and conclusion

d ) 95 % CI and interpretation

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