Mathematics, 05.09.2020 06:01 alogon1
Suppose that a popular hotel for vacationers in Orlando, Florida, has a total of 300 identical rooms. As many major airline companies do, this hotel has adopted an overbooking policy in an effort to maximize the usage of its available lodging capacity. Assume that each potential hotel customer holding a room reservation, independently of other customers, cancels the reservation or simply does not show up at the hotel on a given night with probability 0.15.(a) Find the largest number of room reservations that this hotel can book and still be at least 95% sure that everyone who shows up at the hotel will have a room on a given night.(b) Given that the hotel books the number of reservations found in part a, find the probability that at least 90% of the available rooms will be occupied on a given night. (Round your answer to three decimal places.)(c) Given that the hotel books the number of reservations found in part (a), find the probability that at most 80% of the available rooms will be occupied on a given night.(d) How does your answer to part (a) change as the required assurance rate increases from 95% to 97%? How does your answer to part (a) change as the required assurance rate increases from 95% to 99%?(e) How does your answer to part (a) change as the cancellation rate varies between 5% and 25%? Assume that the required assurance rate remains at 95% and answer for each: cancellation rate of 5%, 10%, 15%, 20%, and 25%.
Answers: 2
Mathematics, 21.06.2019 18:00, ninaaforever
What is the area of mnp? 40 m2 60 m2 68 m2 127.5 m2
Answers: 2
Mathematics, 21.06.2019 19:30, autumnplunkett09
Runner ran 1 4/5 miles on monday and 6 3/10 on tuesday. how many times her monday’s distance was her tuesdays distance
Answers: 1
Mathematics, 21.06.2019 19:30, tayleeanntabeln2226
Write a function rule for the table. hours worked pay 2 $16.00 4 $32.00 6 $48.00 8 $64.00 p = 16h p = 8.00h p = h + 16 h = 8.00p
Answers: 1
Mathematics, 21.06.2019 20:40, eddyjunior679
What is the probability of throwing several dice with sum equal to 6 (six)? show the ways of possibilities for sum 6 (as the numerator) and the ways of throwing n dices for n = 1, 2, 3, 4 or 5 as denominator for all the questions to earn full credits. (a)throw one die, (b) throw two dice, (c) throw three dice (d) throw 4 dice, (e) throw 5 dice
Answers: 3
Suppose that a popular hotel for vacationers in Orlando, Florida, has a total of 300 identical rooms...
Mathematics, 06.01.2021 01:00
Mathematics, 06.01.2021 01:00
Mathematics, 06.01.2021 01:00
Mathematics, 06.01.2021 01:00
French, 06.01.2021 01:00
History, 06.01.2021 01:00
Mathematics, 06.01.2021 01:00