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Lauren, a Hotel manager, is tired of customers who make reservations and then dont show up. Rooms rent for $100 a night and cost $25

Lauren, a Hotel manager, is tired of customers who make reservations and then don’t show up. Rooms rent for $100 a night and cost $25 to maintain per day. Overflow customers can be sent to a cheap Motel for $70 a night (paid by Lauren). Lauren’s records of no-shows over the past six months are given below. How much is Cu?

 

No-ShowsProbability
00.15
10.25
20.30
30.30

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