Hotels, like airlines, often overbook, counting on the fact that some people with reservations will cancel at the last minute. A certain hotel chain finds 20% of the reservations will not be used.
If we randomly selected 15 reservations, what is the probability more than 8 but less than 12 reservations will be used?
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If four reservations are made, what is the chance fewer than two will cancel?
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The Answer of Hotels, like airlines, often overbook, counting on the fact that some people with reservations will cancel at the last minute. A certain hotel chain finds 20% of the reservations will not be used.
If we randomly selected 15 reservations, what is the probability more than 8 but less than 12 reservations will be used?
______________
If four reservations are made, what is the chance fewer than two will cancel?
______________

Hotels, Like Airlines, Often Overbook, Counting on the Fact That