Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often-reported measure
Question:
Winter visitors are extremely important to the economy of Southwest Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (NaplesDaily News March 22, 2012). Hotel occupancy data for February in two consecutive years are as follows.
a. Formulate the hypothesis test that can be used to determine if there has been an in-crease 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 theresults?
Step by Step Answer:
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam