Hello, can you help me solve these business statistics problems? Thank you!
(c) Calculate the test statistic. (Round your answer to two decimal places.) What is the p-value? (Round your answer to four decimal places.) p-value = Using a 0.05 level of significance, what is your hypothesis test conclusion? O Reject Ho. There is insufficient evidence to conclude that there has been an increase in the hotel occupancy rate. O Do not reject Ho. There is sufficient evidence to conclude that there has been an increase in the hotel occupancy rate. Do not reject Ho. There is insufficient evidence to conclude that there has been an increase in the hotel occupancy rate. O Reject Ho. There is sufficient evidence to 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? (Round your answers to four decimal places.) to Do you think area officials would be pleased with the results? The 95% confidence interval ---Select-- |zero. This suggests that the occupancy rates for the current year are [-Select-- | than the occupancy rates for the previous year, therefore the officials would -Select-- | pleased with the results. Need Help? Read ItYou may need to use the appropriate technology to answer this question. Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel). Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1,470 1,458 Total Rooms 1,750 1,800 (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. (Let P, = population proportion of rooms occupied for current year and p, = population proportion of rooms occupied for previous year.) 0 Ho: P1 - P2 20 OH,: P1 - P2