please show the formuals and make it clear. -54 SOLO 8. The management of a hotel...
A popular resort hotel has 300 rooms and is usually fully booked. About 5% of the time a reservation is canceled before the 6 p.m. deadline with no penalty. What is the probability that at least 282 rooms will be occupied? Use the binomial distribution to find the exact value?
Historical data show that customers who download music from a popular Web service spend approximately $24 per month, with a standard deviation of $3. Assume the spending follows the normal probability distribution. Find the probability that a customer will spend at least $21 per month. How much (or more) do the top 7% of customers spend? What is the probability that a customer will spend at least 521 per month? (Round to four decimal places as needed.) How much do...
Section 5: Distribution Channel Management Jasmine is the RM at the Genie Hotel, a 300-room franchised hotel. She is evaluating alternative options regarding the allocation of 100 unsold guest rooms for the third weekend of next month. Her group room sales department believes (but is not positive) that it can sell 30 group rooms for that date at a rate of $185 per room . The FOM believes that if the rooms are advertised on the franchisor's operated property website,...
While vacationing in England, you decide to take an impromptu trip outside of London to see some of the country. You phone several hotels in the area but are told that all rooms are reserved. You and your friends decide to go anyway, vowing that if worse comes to worse you will all sleep in the car. Having driven the 100 miles from London, you stop at the first hotel you see, Ye Olde Ox and Bow, and are surprised...
1. Many companies use a incoming shipments of parts, raw materials, and so on. In the electronics industry, component parts are commonly shipped from suppliers in large lots. Inspection of a sample of n components can be viewed as the n trials of a binomial experimem. The outcome for each component tested (trialD will be that the component is classified as good or defective defective components in the lot do not exceed 1 %. Suppose a random sample of fiver...