Question: A motel accepts 325 reservations for 300 rooms on July
A motel accepts 325 reservations for 300 rooms on July 1, expecting 10 percent no- shows on average from past records. Use the normal approximation to the binomial to find the probability that all guests who arrive on July 1 will receive a room.
Answer to relevant QuestionsSuppose a software company finds that the number of errors in its software per 1,000 lines of code is described by a Poisson distribution. Furthermore, it is found that there is an average of four errors per 1,000 lines of ...Net interest margin— often referred to as spread— is the difference between the rate banks pay on deposits and the rate they charge for loans. Suppose that the net interest margins for all U. S. banks are normally ...A company that produces and markets video game systems wishes to assess its customers’ level of satisfaction with a relatively new model, the XYZ- Box. In the six months since the introduction of the model, the company has ...Each day a manufacturing plant receives a large shipment of drums of Chemical ZX- 900. These drums are supposed to have a mean fill of 50 gallons, while the fills have a standard deviation known to be .6 gallon. a. Suppose ...Recall that the bank manager wants to show that the new system reduces typical customer waiting times to less than six minutes. One way to do this is to demonstrate that the mean of the population of all customer waiting ...
Post your question