A popular resort hotel has 300 rooms and is usually fully booked. About 6% of the time

Question:

A popular resort hotel has 300 rooms and is usually fully booked. About 6% of the time a reservation is canceled before the 6: 00 p. m. deadline with no penalty. What is the probability that at least 280 rooms will be occupied? Use the binomial distribution to find the exact value.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...