Tourism is extremely important to the economy of 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 1,470 1,458 Rooms Total 1,750 1,800 Rooms (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.) Ho: P1 - P2 0 HO: P1 - P2 = 0 OH,: P1 - P2 = 0 H: P, - P2 = 0 OH3: P1 - P2 = 0 (b) What is the estimated proportion of hotel rooms occupied each year? current previous (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 = -34821179 7/8 710124, 8:52 PM Quiz 5 - QMTD 2750, Section OL 1 90671, 202403, section OL1, Summer 1 2024 / WebAssign Using a 0.05 level of significance, what is your hypothesis test conclusion? O 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. O Reject Ho. There is insufficient evidence to condude that there has been an increase in the hotel occupancy rate. Do not 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--- v |pleased with the results