subject
Mathematics, 22.04.2020 02:40 clonetrooper099

Suppose that a popular hotel for vacationers in Orlando, Florida, has a total of 300 identical rooms. As many major airline companies do, this hotel has adopted an overbooking policy in an effort to maximize the usage of its available lodging capacity. Assume that each potential hotel customer holding a room reservation, independently of other customers, cancels the reservation or simply does not show up at the hotel on a given night with probability 0.15. a. Find the largest number of room reservations that this hotel can book and still be at least 95% sure that everyone who shows up at the hotel will have a room on a given night. 270 b. Given that the hotel books the number of reservations found in part a, find the probability that at least 90% of the available rooms will be occupied on a given night. (Round your answer to three decimal places.) 270 c. Given that the hotel books the number of reservations found in part a, find the probability that at most 80% of the available rooms will be occupied on a given night. (If your answer is zero, enter "0".) d. How does your answer to part a change as the required assurance rate increases from 95% to 97%

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 14:50
Brook states that the distance on the line is 4 units. caleb states that the whole line does not have a distance because it continues on forever. vivian states that the line is 6 units long. which distance did brook measure? which distance did vivian measure?
Answers: 3
question
Mathematics, 21.06.2019 18:00
Which shows the correct lengths of side c in both scales? scale 1: 45 m; scale 2: 60 m scale 1: 60 m; scale 2: 45 m scale 1: 36 m; scale 2: 27 m scale 1: 27 m; scale 2: 36 m mark this and return save and exit
Answers: 3
question
Mathematics, 21.06.2019 19:30
If the ratio of sum of the first m and n terms of an ap is m2 : n2 , show that the ratio of its mth and nth terms is (2m βˆ’ 1) : (2n βˆ’ 1).
Answers: 3
question
Mathematics, 21.06.2019 20:30
4+(2+x) can you me solve this problem
Answers: 2
You know the right answer?
Suppose that a popular hotel for vacationers in Orlando, Florida, has a total of 300 identical rooms...
Questions
question
Chemistry, 01.09.2019 01:30
Questions on the website: 13722361