Question
A popular resort hotel has 600 rooms and is usually fully booked. About 7% of the time a reservation is canceled before the6:00 p.m. deadline
A popular resort hotel has 600 rooms and is usually fully booked. About 7% of the time a reservation is canceled before the6:00 p.m. deadline with no penalty. What is the probability that at least 552 rooms will beoccupied? Use the binomial distribution to find the exact value.
The probability is
.
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Stochastic Calculus And Applications
Authors: Samuel N Cohen, Robert J Elliott
2nd Edition
1493928678, 9781493928675
