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 1 2018). Hotel occupancy data for February in two consecutive years are as follows. Previous Year Occupied Rooms Total Rooms Current Year 1,512 1,800 1,458 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 P2 = population proportion of rooms occupied for previous year Ho P1 P2-Select your answer - Ha P1 P2 - Select your answer - 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 p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value= Using a 0.05 level of significance, what is your conclusion? We-Select your answer - d. What is the 95% confidence interval estimate of the change in occupancy for the one-year period (to 4 decimals)? to Do you think area officials would be pleased with the results? Officials would likely be - Select your answer with the occupancy statistics as the trend for the current year is-Select your answer - that there has been an increase in the hotel occupancy rate. in hotel occupancy rates
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 1 2018). Hotel occupancy data for February in two consecutive years are as follows. Previous Year Occupied Rooms Total Rooms Current Year 1,512 1,800 1,458 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 P2 = population proportion of rooms occupied for previous year Ho P1 P2-Select your answer - Ha P1 P2 - Select your answer - 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 p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value= Using a 0.05 level of significance, what is your conclusion? We-Select your answer - d. What is the 95% confidence interval estimate of the change in occupancy for the one-year period (to 4 decimals)? to Do you think area officials would be pleased with the results? Officials would likely be - Select your answer with the occupancy statistics as the trend for the current year is-Select your answer - that there has been an increase in the hotel occupancy rate. in hotel occupancy rates
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 11PPS
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