In: Statistics and Probability
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
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