A popular resort hotel has 300 rooms and is usually fully booked. About 5% of the...
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?
Homework Answers
The number of rooms that will be booked can be modelled here as:
Therefore the probability now is computed here as:
Therefore 0.8250 is the required probability here.
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A popular resort hotel has 300 rooms and is usually fully
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A popular resort hotel has 400 rooms and is usually fully booked. About 5% of the...
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please show the formuals and make it clear.
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A popular resort hotel has 400 rooms and is usually fully booked. About 5% of the time a reservation is canceled before the 6:00 p.m. deadline with no penalty. What is the probability that at least 376 rooms will be occupied? Use the binomial distribution to find the exact value. The probability is (Round to four decimal places as needed.)
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...
please show the formuals and make it clear.
-54 SOLO 8. The management of a hotel in a resort town knows from past data that 60% of the hotel's rooms are expected to be occupied each night during off-season months. (Obviously, the hotel defines a "success" as an occupied room.) The hotel has 300 rooms. The hotel wants to estimate the probability that, on a given off-season night, at least 190 of the rooms will be occupied. a) (4 points)...
Sand and Sea Resort (SSR) is a popular hotel with 400 rooms. SSR's regular room rate is $300 per night per room. SSR's cost is $165 per night per room. Below is a breakdown of the SSR's cost: Variable direct labor and materials cost Fixed cost Total cost per night per room $ 165 SSR manager receives an offer to hold the Innovative Scientist Conference at the hotel in March, which is the hotel's low season with an occupancy rate...
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20% of the time people who make reservations do not show up, so as
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night. Let X be the number of no shows that night(people who don’t
show up).
(cuntean) far Y volues, Please watch at 2:58 in my first video in Modiule 2. Asmall hotel has 10 rooms. From past experience, they know that 20 %...
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