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Tourism is extremely important to the economy of Florida. Hotel occupancy is an oftenrreported measure of visitor volume and visitor activity (Oriando Sentinel, May 19,
Tourism is extremely important to the economy of Florida. Hotel occupancy is an oftenrreported measure of visitor volume and visitor activity (Oriando Sentinel, May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1,476 1,422 Total Rooms 1,800 1,800 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 1);; = population proportion of rooms occupied for previous year H = m m H. :101 '92 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year Previous Year c. Conduct a hypothesis test. What is the psvalue (to 4 decimals)? Use Table 1 from Appendix B. psvalue = Using a 0.05 level of significance, what is your conclusion? We that there has been an increase in the hotel occupancy rate. d. What is the 95% condence interval estimate of the change in occupancy for the oneyear period (to 4 decimals)? to Do you think area ofcials would be pleased with the results? Ofcials would likely be with the occupancy statistics as the trend for the current year is in hotel
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