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Managerial statistics: A hotel finds that only 80% of people who reserve rooms actually show up. If it has 85 rooms available and takes 100
Managerial statistics: A hotel finds that only 80% of people who reserve rooms actually show up. If it has 85 rooms available and takes 100 reservations, is it very likely there will be enough rooms for the people who show up? Justify your answer and show work. Thank you
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