A rental car company will have 100 cars available for rent on a particular day. It expects
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A rental car company will have 100 cars available for rent on a particular day. It expects that demand for that day will be very high, so demand is certain to be higher than 300 bookings. If it expects a 15% no-show rate, what booking level should it set if it wants to ensure that the probability that a booking will be denied service is 0.0002? (You can use the normal approximation to the binomial described in Appendix B to estimate your answer.)
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