Hello: Can anybody explain this for me
question:
I have 2 columns with vacation rentals yes or no for 2 columns Winter 2000 Winter 2001
Winter 2000 - has 200 entries and 70 of it rental says "yes" hence proportion of units rented = 70/200 = 0.35
Winter 2001 - has 150 entries and 70 of it rental says "yes" hence proportion of units rented = 70/150= 0.467
Find 95% confidence interval for difference in proportions?
Will Winter 2001 have higher rentals than Winter 2000? (based on the proportion above i can say Yes?)
By just looking at sample proportions we can not say about which proportion is higher.Because sample sizes are different. For this we have to conduct Z test for difference between two proportions.
Hello: Can anybody explain this for me question: I have 2 columns with vacation rentals yes...
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