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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,
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 2. & A- 3. Current Year Previous Year Occupied Rooms 1,428 1,377 Total Rooms 1,700 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 0 Let Pi = population proportion of rooms occupied for current year Py = population proportion of rooms occupled for previous year HP-P Select your answer HAL -- Select your answer b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year Previous Year c. Conduct e hypothesis test. What is the p-value to 4 decimals)? Use Table 1 from Appendix 8. p-value Using a 0.05 level of significance, what is your condusion? Westlect your answer 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)? A Do you think area omoals would be pleased with the results? Officals would likely be select your answer with the occupancy statisties as the trend for the current year is select your answer in hotel occupancy rates compared to last year Check My Work(s remaining)
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