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. 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? Based on the information in question 1, what is the parameter of interest?

Explanation / Answer

1. The population is the overall group for whom the survey is being done. Hence, the population comprises of all the guests arriving at Universal Studios Florida or Islands of Adventure in 2015.

2. The parameter is a characteristic of the entire population. Hence, it is the proportion of all the guests arriving at Universal Studios Florida or Islands of Adventure in 2015 that stayed overnight at one of the onsite Loews Hotels.

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