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

Question

Tourism is extremely important to the economy of Florida Hotel occupancy is an often reported measure of visitor volum and visitor activity Hotel occupancy data for February in two consecutive years are as follows Current Year Previous Year Occupied Rooms 1 470 Total Rooms 1 750 1 458 1 800 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 Let p population proportion of rooms occupied for current year and P population proportion of rooms occupied for previous year HoP P 0 HP P O HP P O Oo P P 0 H P P 0 Hoi P P 20 HP1 P2 0 Hoi Py P 0 Ha P P 0 b What is the estimated proportion of hotel rooms occupied each year current previous c Calculate the test statistic Round your answer to two decimal places What is the p value Round your answer to four decimal places p value Using a 0 05 level of significance what is your hypothesis test conclusion Reject Ho There is insufficient evidence to conclude that there has been an increase in the hotel occupancy rate Do not reject Ho There is insufficient evidence to conclude that there has been an increase in the hotel occupancy rate Reject Ho There is sufficient evidence to conclude that there has been an increase in the hotel occupancy rate Do not reject Ho There is sufficient evidence to conclude 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 Round your answers to four decimal places to Do you think area officials would be pleased with the results The 95 confidence interval Select zero This suggests that the occupancy rates for the current year

Kunduz · Accepted Answer

Click to see the answer