11. Tourism is extremely important to the economy of Florida. Hotel occupancy is an often- reported measure of visitor volume and visitor activity (Orlando Sentinel, May 19, 2018). 12. Hotel occupancy...

Extracted text: 11. Tourism is extremely important to the economy of Florida. Hotel occupancy is an often- reported measure of visitor volume and visitor activity (Orlando Sentinel, May 19, 2018). 12. Hotel occupancy data for February in two consecutive years are as follows. 13. Current Year Previous Year 14. Occupied Rooms 1,428 1,440 Total 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 one-year period. Let pi = population proportion of rooms occupied for current year earch Math P2 = population proportion of rooms occupied for previous year Ho : P1 – P2 less than or equal to 0 A-Z SASE H. : Pi – P2 greater than 0 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? O Office Current year 0.84 IMG 8516 Previous Year 0.80 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. p-value Using a 0.05 level of significance, what is your conclusion? We can conclude that there has been an increase in the hotel occupancy or rate. d. What is the 95% confidence interval estimate of the change in occupancy for the one- year period (to 4 decimals)? to Do you think area officials would be pleased with the results? Officials would likely be pleased with the occupancy statistics as the trend for the current year is an increase in hotel occupancy rates compared to last year. се S