(Solved): Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported meas ...

Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visito activity (Orlando Sentinel, May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows. a. Formulate the hypothesis test that can be used to determine whether there has been an increase in the proportion of rooms occupled over the one-year period. Let \( p_{1}= \) population proportion of rooms occupied for current year \( p_{2}= \) population proportion of rooms occupied for previous year \( H_{0}: p_{1}-p_{2} \) \( H_{a}: p_{1}-p_{2} \) b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year Previous Year Let \( p_{1}= \) population proportion of rooms occupled for current year \( p_{2}= \) population proportion of rooms occupied for previous year \[ \begin{array}{l} H_{0}: p_{1}-p_{2} \\ H_{\mathrm{a}}: p_{1}-p_{2} \end{array} \] b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year Previous Year c. Conduct a hypothesis test. What is the \( p \)-value (to 4 decimais)? Use Table 1 from Appendix 8 . \( p \)-value \( = \) Using a \( 0.05 \) level of significance, what is your conclusion? We d. What is the \( 95 \% \) confidence interval estimate of the change in occupancy for the one-year period (to 4 decimals)? (3) Do you think area officials would be pleased with the results? Officials would likely be (2) with the occupancy statistics as the trend for the current year is \( X \) in hotel occupancy rates compared to last year.