Question
Winter visitors are extremely important to the economy of southwest florida. hotel occupancy is an often-reported measure of visitor volume and activity. Hotel occupanct data
Winter visitors are extremely important to the economy of southwest florida. hotel occupancy is an often-reported measure of visitor volume and activity. Hotel occupanct data for February in two consecutive years are as follows
Current Year | Previous Year | |
Occupied Rooms | 1470 | 1458 |
Total Rooms | 1750 | 1800 |
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.
b. What is the estimated proportion of hotel rooms occupied each year?
c. Using a 0.05 level of significance, what is your hypothesis test conclusion? What is the p-value?
d. What is the 95% confidence interval estimate of the change in occupancy for the one-year period? Do you think area officials would be pleased with the results?
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