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Mathematics, 27.05.2020 22:03 12martinkat

Airlines and hotels often grant reservations in excess of capacity to minimize losses due to no-shows. Suppose the records of a hotel show that 5% of their prospective guests will not claim their reservation. If the hotel accepts 210 reservations and there are only 200 rooms in the hotel, what is the probability that all guests who arrive to claim a room will receive one

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