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(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= 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 Reject Ho. There is sufficient evidence to conclude that there has been an increase in the hotel occupancy rate. O Do not 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. (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.

(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= 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 Reject Ho. There is sufficient evidence to conclude that there has been an increase in the hotel occupancy rate. O Do not 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. (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.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...
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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). Hotel occupancy data for February in two consecutive years are as follows. Occupied Rooms Total Rooms Ho: P₁ P₂ #0 Ha: P1 - P2 = 0 Current Year Previous Year Ho: P1 - P2 = 0 Ha: P₁ P₂ #0 Ho: P₁ Ha: P₁ (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 p₁ rooms occupied for current year and = P2 population proportion of rooms occupied for previous year.) - Ho: P₁ Ha: P₁ P₂ < 0 P₂ = 0 Ho: P₁-P₂ ≥ 0 Ha: P1₁ - P₂ <0 1,470 P₂ ≤ 0 P₂ > 0 1,750 1,440 1,800 = population proportion of
Transcribed Image Text: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. Occupied Rooms Total Rooms Ho: P₁ P₂ #0 Ha: P1 - P2 = 0 Current Year Previous Year Ho: P1 - P2 = 0 Ha: P₁ P₂ #0 Ho: P₁ Ha: P₁ (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 p₁ rooms occupied for current year and = P2 population proportion of rooms occupied for previous year.) - Ho: P₁ Ha: P₁ P₂ < 0 P₂ = 0 Ho: P₁-P₂ ≥ 0 Ha: P1₁ - P₂ <0 1,470 P₂ ≤ 0 P₂ > 0 1,750 1,440 1,800 = population proportion of
(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= = Using a 0.05 level of significance, what is your hypothesis test conclusion? Reject Ho. There is insufficient evidence to conclude that there has been an increase in the hotel occupancy rate. 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. 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--- pleased with the results.
Transcribed Image Text:(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= = Using a 0.05 level of significance, what is your hypothesis test conclusion? Reject Ho. There is insufficient evidence to conclude that there has been an increase in the hotel occupancy rate. 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. 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--- pleased with the results.
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