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Business, 06.05.2021 01:00 liltrewill7008

Your hotel has a policy of slightly overbooking. You have sold your last available room, and three guests have not checked in by 11:00 pm. Based on history, you know that the odds of each guest not showing, if they have not arrived by 11 p. m., is 50%. What
are the odds that you will need to "walk" (send to another hotel) a guest tonight?

A) 0.3
B) 0.5
C) 0.875
D) 1

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