The Universal Orlando Resort is a theme park resort in Orlando, Florida. It is w

Question

The Universal Orlando Resort is a theme park resort in Orlando, Florida. It is wholly owned by NBC Universal and its affiliates, and is the largest property operated by Universal Parks & Resorts. Universal Orlando consists of two theme parks (Universal Studios Florida and Islands of Adventure), a night-time entertainment complex (Universal City Walk Orlando), and four Loews Hotels (Loews Portofino Bay Hotel, Hard Rock Hotel, Loews Royal Pacific Resort, and Cabana Bay Beach Resort). -source: Wikipedia. 1. Of interest is to determine the proportion of all guests at Universal Studios Florida or Islands of Adventure in 2015 that stayed overnight at one of the onsite Loews Hotels. Based on this information, what is the population of interest? 2. Based on the information in question 1, what is the parameter of interest?

Explanation / Answer

Solution1:

A population is any large collection of objects or individuals, such as Americans, students, or trees about which information is desired

here population of interest is the proportion of all guests at universal studios florida or Islands of adventure in 2015

Solution2:

parameter of intetrest

=population proportion of all guests

denoted by p

parameter of interest=p

A population is any large collection of objects or individuals, such as Americans, students, or trees about which information is desired

here population of interest is the proportion of all guests at universal studios florida or Islands of adventure in 2015

Solution2:

parameter of intetrest

=population proportion of all guests

denoted by p

parameter of interest=p

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