Question

In: Statistics and Probability

You may need to use the appropriate technology to answer this question. Tourism is extremely important...

You may need to use the appropriate technology to answer this question.

Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel). Hotel occupancy data for February in two consecutive years are as follows.

Current Year Previous Year
Occupied
Rooms
1,470 1,458
Total
Rooms
1,750 1,800

(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 =

(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

Solutions

Expert Solution

a)

I assume we want to test if there is difference in proportion of occupied rooms in current year vs that of in previous year

b)

p^ = X/n

1- current year

2- previous year

c)

TS = 2.35

p-value = 0.0187

d)

z = 1.96 for 95% confidence level


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