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Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often- reported measure of visitor volume and visitor activity. Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1470 1458 Total Rooms 1750 1800 Formulate the hypothesis test that can be used to determine if there has been an increase in the a. 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?

Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often- reported measure of visitor volume and visitor activity. Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1470 1458 Total Rooms 1750 1800 Formulate the hypothesis test that can be used to determine if there has been an increase in the a. 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?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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
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Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often- reported measure of visitor volume and visitor activity. Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1470 1458 Total Rooms 1750 1800 Formulate the hypothesis test that can be used to determine if there has been an increase in the a. 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?
Transcribed Image Text:Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often- reported measure of visitor volume and visitor activity. Hotel occupancy data for February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1470 1458 Total Rooms 1750 1800 Formulate the hypothesis test that can be used to determine if there has been an increase in the a. 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?
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