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

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a. P(8 < x < 12) = 0...View Answer
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Correct Answer:
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