Question
This is a Binomial Distribution Problem. Please do not use Normal Distribution approximation of Binomial Distribution in solving this problem. You are managing a hotel
This is a Binomial Distribution Problem. Please do not use "Normal Distribution approximation of Binomial Distribution" in solving this problem. You are managing a hotel with 100 identical rooms. Spring Break is approaching, and you have accepted the number of reservations as indicated below. Guests are required to make a reservation for the entire week. You know that a percentage of guests will beno shows, as indicated below.
17 reservations are accepted
8% of reservations will be "no-show"
(a) In terms of Binomial distribution,
What is the number of trials?
What is the probability of success?
(b) What is the probability that there will be no overbooked guests?
(c) What is the expected number of guests that will show up?
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