Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor

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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, https://www.orlandosentinel.com/business/tourism/os-bz-hotel -occupancy-dip-20180522-story.html). Hotel occupancy data for February in two consecutive years are as follows.?

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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.?

b. What is the estimated proportion of hotel rooms occupied each year??

c. Using a .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? Do you think area officials would be pleased with the results?

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Related Book For  answer-question

Statistics For Business & Economics

ISBN: 9781337901062

14th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

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