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 1,440
Total Rooms 1,750 1,800

Required:
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 p1 = population proportion of rooms occupied for current year and p2 = population proportion of rooms occupied for previous year.)
b. What is the estimated proportion of hotel rooms occupied each year?
c. Calculate the test statistic.

Answers

Answer 1

Answer:

Step-by-step explanation:

The null hypothesis and alternative hypothesis can be formulated as:

[tex]\mathbf{H_o: P_1 - P_2 \le 0}[/tex]

[tex]\mathbf{H_1 : P_1 -P_2> 0}[/tex]

From the information given:

The sample proportion of rooms occupied for the current year.

[tex]P_1 = \dfrac{1470}{1750}[/tex]

[tex]P_1 = 0.84[/tex]

Sample size [tex]n_1[/tex] = 1750 (total number of rooms for the current year)

The sample proportion of rooms occupied for the previous year.

[tex]P_2 = \dfrac{1440}{1800}[/tex]

[tex]P_2 =0.8[/tex]

Sample size [tex]n_2[/tex] = 1800 (total number of rooms for the previous year)

Thus, the estimated proportion of the hotel rooms occupied each year are:

Current     Previous

0.84            0.80

Since this is a one-sided right-tailed test;

The pooled proportion can  be computed as:

[tex]\hat p= \dfrac{p_1 \times n_1 + p_2 \times n_2}{n_1 + n_2}[/tex]

[tex]\hat p= \dfrac{0.84 \times 1750 + 0.80 \times1800}{1750 +1800}[/tex]

[tex]\hat p=0.8197[/tex]

The standard error SE = [tex]\sqrt{\hat p ( 1- \hat p) ( \dfrac{1}{n_1} + \dfrac{1}{n_2} )}[/tex]

[tex]= \sqrt{0.8197 ( 1-0.8197) ( \dfrac{1}{1750} + \dfrac{1}{1800} )}[/tex]

[tex]= \sqrt{0.8197 ( 0.1803) (0.00112698 )}[/tex]

[tex]=0.0129[/tex]

Finally, the test statistics is calculated as:

[tex]Z_{calc} = \dfrac{(0.84 - 0.8)}{0.0129}[/tex]

[tex]Z_{calc} = 3.101[/tex]


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Answer:ok

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no

Step-by-step explanation:

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Answer:

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You kind of just plug in the numbers.

a vertical stretch by a factor of ​5: y = 5x^3

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Answer:

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Answers

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Buyers now want more donuts than the other goods.

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Answer:

n=1.29

Step-by-step explanation:

Is there more options?

≻───── ⋆✩⋆ ─────≺

Answer:

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Step-by-step explanation:

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Answer:

27

Step-by-step explanation:

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Answers

Answer:

x = 7

Step-by-step explanation:

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Step-by-step explanation:

Answer:

37

Step-by-step explanation:

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Fishman, Goron, Smith, other

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Answer:

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Step-by-step explanation:

Answer:

30

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Answer:

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Answer:

Step-by-step explanation:

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Answers

Answer:

The true statements are 1 and 3

Step-by-step explanation:

Statement 1 -

All things being equal ,the savers and investors expect to receive some amount of maturity premium as compensation for their deferred consumption.

Statement 3 -

An investment that can provide a 10% return should attract more investment capital than an otherwise identical investment that can only provide a 6% return.

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∴ we get

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Answers

Answer:

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Answers

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jhgvfcdszdftgyhujikolp

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1.75

Step-by-step explanation:

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Answers

Answer: x ≥ 7

Step-by-step explanation:

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Answers

Answer:

50

x

+

4111

4

x

+

5

Step-by-step explanation:

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