Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentine May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1,435 1,343 Total Rooms 1,750 1,700 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 pi = population proportion of rooms occupied for current year P2 = population proportion of rooms occupied for previous year Ho : Pi – P2 - Select your answer - Ha : Pi - 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 - v 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 Do you think area officials would be pleased with the results? Officials would likely be - Select your answer - v with the occupancy statistics as the trend for the current year is - Select your answer - in hotel occupancy rates compared to last vear.
Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentine May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1,435 1,343 Total Rooms 1,750 1,700 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 pi = population proportion of rooms occupied for current year P2 = population proportion of rooms occupied for previous year Ho : Pi – P2 - Select your answer - Ha : Pi - 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 - v 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 Do you think area officials would be pleased with the results? Officials would likely be - Select your answer - v with the occupancy statistics as the trend for the current year is - Select your answer - in hotel occupancy rates compared to last vear.
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
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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,
May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows.
Current Year
Previous Year
Occupied Rooms
1,435
1,343
Total Rooms
1,750
1,700
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 pi =
population proportion of rooms occupied for current year
= td
population proportion of rooms occupied for previous year
Но : Рі — Р2
Select your answer -
На : Рі — Р2
- 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
%3D
Using a 0.05 level of significance, what is your conclusion?
We
- Select your answer - v 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
Do you think area officials would be pleased with the results?
Officials would likely be
- Select your answer - v with the occupancy statistics as the trend for the current year is
- Select your answer - v in hotel occupancy
rates compared to last year.
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