Question: Please help, Part D i don't understand. Tounsm is extremely important to the economy of Florida. Hotel occupancy is an oftenreported measure of visitor volume
Please help, Part D i don't understand.

Tounsm is extremely important to the economy of Florida. Hotel occupancy is an oftenreported measure of visitor volume and visitor activity (Gdano'o Sentinel, May 19r 21018). Hotel occupancy data f February in two consecutive years are as follows. Current Year Previous Year Occupied Rooms 1.462 1.494 Toll Rooms 1.700 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 oneeyear period. Let p1 = population proportion of rooms occupied for current year pg 2 population proportion of rooms occupied for previous year Ho=m_ Ha=p1_@ I). What is the estimated proportion of hotel rooms occupied each year [to 2 decimals)? Current year 9 Previous Year g c. Conduct a hypothesis test. What is the pevalue (to 4 decimals)? Use Table 1 from Appendix B. pvalue = a 0 Using a 0.05 level of signicance, what is your conclusion? We 9 that there has been an increase in the hotel occupancy rate. d. What is the 95% condence interval estimate of the change in occupancy for the oneyear period (to 4 decimals]? Earn-0 Do you think area ofcials would be pieased with the results? Ofciais would likely be (9 with the occupancy statistics as the trend for the current year is 9 in hotel occupanq' rates compared to iast year
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
