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A popular resort hotel has 300 rooms and is usually fully booked About 8% of the time a reservation is canceled before the 6:00
A popular resort hotel has 300 rooms and is usually fully booked About 8% of the time a reservation is canceled before the 6:00 pm. deadline with no penalty. What is the probability that at least 285 rooms will be occupied? Use the binomial distribution to find the exact value. The probability is (Round to four decimal places as needed.)
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Financial Accounting
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
1st Canadian Edition
9780132147538, 132889714, 013214753X , 978-0132889711
