Quota Problem: Motel Rooms The owners of a motel in Florida have noticed that in the long run, about 40%

of people who stop to inquire about a room for the night actually rent a room.

(a) Quota Problem How many inquiries must the owner answer to be 99% sure of renting at least one room?

(b) Quota Problem How many inquiries must the owner answer to be 99% sure of renting at least 10 rooms? (This problem cannot be answered using the binomial distribution tables.

It requires technology such as SALT. In SALT, set the probability of success, select the right tail probability with x $ 10, and experiment with the number of trials until you find the smallest value that gives a right-tail probability more than 99%.)

(c) If 25 separate inquiries are made about rooms, what is the expected number of room rentals that result?

AppendixLO1