The manager of a restaurant knows from experience that 70% of the people who make reservations for

Question:

The manager of a restaurant knows from experience that 70% of the people who make reservations for the evening show up for dinner. The manager decides one evening to overbook and accept 20 reservations when only 15 tables are available. What is the probability that more than 15 parties will show up?

Use a normal distribution to compute the required probabilities also state the assumptions necessary for a binomial distribution, and indicate whether the assumptions are reasonable.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...