10 (11) 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.     Current Year Previous Year Occupied Rooms 1,476 1,482 Total Rooms 1,800 1,900   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 p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value =   Using a  level of significance, what is your conclusion? We  ______ 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)? ___  to  ___

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 10CT
icon
Related questions
Question

10 (11)

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.

 

  Current Year Previous Year
Occupied Rooms 1,476 1,482
Total Rooms 1,800 1,900

 

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 p-value (to 4 decimals)? Use Table 1 from Appendix B.

p-value =  

Using a  level of significance, what is your conclusion?

We  ______ 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)?

___  to  ___

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill